Item - 2024.PA10.11

Tracking Status

This item was considered by Toronto Parking Authority on July 19, 2024 and was adopted without amendment.

PA10.11 - Transaction Update of City-owned 50 Cumberland Street / 37 Yorkville Avenue (Municipal Car Park 15)

Decision Type:: ACTION

Status:: Adopted

Ward:: 11 - University - Rosedale

Confidential Attachment - A position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the local board

Board Decision

The Board of Directors of the Toronto Parking Authority:

1. Directed that Confidential Attachment 1 to the report (July 12, 2024) from the President, Toronto Parking Authority remain confidential in its entirety at the discretion of the City Solicitor, as it contains a position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the local board.

Decision Advice and Other Information

The Board of Directors of the Toronto Parking Authority recessed its public meeting to meet in closed session to consider the item as it pertains to a position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the local board.

Origin

(July 12, 2024) Report from the President, Toronto Parking Authority

Summary

The purpose of this report is to provide the Board of Directors of the Toronto Parking Authority with a transactional update regarding the redevelopment of the former City-owned above-grade lands at 50 Cumberland Street / 37 Yorkville Avenue (Municipal Car Park 15).

Background Information

(July 12, 2024) Report from the President, Toronto Parking Authority on Transaction Update of City-owned 50 Cumberland Street / 37 Yorkville Avenue (Municipal Car Park 15)
https://www.toronto.ca/legdocs/mmis/2024/pa/bgrd/backgroundfile-247829.pdf
Confidential Attachment 1 - Transaction Update of 50 Cumberland Street / 37 Yorkville Avenue

Motions

1 - Motion to Add New Business at Committee moved by Zeshan Khan (Carried)

2 - Motion to Adopt Item moved by Ruth Uy (Carried)

Declared Interests

The following member(s) declared an interest:

Hartley Lefton - Members of the law firm of which he is a partner act are counsel to the receiver in this matter.
Written Declaration: https://secure.toronto.ca/council/declared-interest-file.do?id=12100