Item - 2024.PA9.9

Tracking Status

This item was considered by Toronto Parking Authority on May 28, 2024 and was adopted without amendment.
See also 2024.PR5.9

PA9.9 - Lease Arrears at 50 Cumberland Street, Units 11 and 12

Decision Type:: ACTION

Status:: Adopted

Ward:: 11 - University - Rosedale

Confidential Attachment - Litigation or potential litigation that affects Toronto Parking Authority and contains advice or communications that are subject to solicitor-client privilege

Board Decision

The Board of Directors of the Toronto Parking Authority:

1. Adopted the confidential instructions to staff in Confidential Attachment 1 to the report (March 27, 2024) from the President, Toronto Parking Authority.

2. Directed that Confidential Attachment 1 to the report (March 27, 2024) from the President, Toronto Parking Authority remain confidential in its entirety, as it pertains to litigation or potential litigation that affects Toronto Parking Authority and contains advice or communications that are subject to solicitor-client privilege.

Origin

(April 25, 2024) Letter from Toronto Parking Authority - Audit and Risk Management Committee

Summary

At its meeting on Thursday, April 25, 2024, the Toronto Parking Authority – Audit and Risk Management Committee recessed its public meeting to meet in closed session to consider Item PR5.9 and made recommendations to the Board of Directors of the Toronto Parking Authority.

Summary from the report (March 27, 2024) from the City Solicitor and the President, Toronto Parking Authority:

The purpose of this report is to provide information and seek instructions relating to a dispute and related litigation arising from a terminated lease for 50 Cumberland Street, Units 11 and 12 (the “Premises”).

Background Information

(April 25, 2024) Decision Letter from the Toronto Parking Authority - Audit and Risk Management Committee
https://www.toronto.ca/legdocs/mmis/2024/pa/bgrd/backgroundfile-245802.pdf
(March 27, 2024) Report from the City Solicitor and the President, Toronto Parking Authority on Lease Arrears at 50 Cumberland Street, Units 11 and 12
https://www.toronto.ca/legdocs/mmis/2024/pa/bgrd/backgroundfile-245783.pdf
Confidential Attachment 1 - Confidential Information

Motions

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

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

That the Board of Directors of the Toronto Parking Authority re-open Item PA9.9 for further consideration.

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

Vote (Adopt Item) May-28-2024

Result: Carried	Majority Required
Total members that voted Yes: 5	Members that voted Yes are Brad Bradford, Maureen Farrow, Zeshan Khan, Ruth Uy, Namby Vithiananthan
Total members that voted No: 0	Members that voted No are
Total members that were Absent: 2	Members that were absent are Paula Fletcher, Hartley Lefton (Interest Declared) (Chair)

Declared Interests

The following member(s) declared an interest:

Hartley Lefton - Members of the law firm of which he is a partner act or have acted for Toronto Parking Authority counterparties.
Written Declaration: https://secure.toronto.ca/council/declared-interest-file.do?id=11981