Item - 2024.PR5.9
Tracking Status
- This item was considered by Toronto Parking Authority - Audit and Risk Management Committee on April 25, 2024 and was adopted without amendment.
- See also 2024.PA9.9
PR5.9 - 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
Committee Decision
The Toronto Parking Authority – Audit and Risk Management Committee recommends that:
1. The Board of Directors of the Toronto Parking Authority adopt the confidential instructions to staff in Confidential Attachment 1 to the report (March 27, 2024) from the President, Toronto Parking Authority.
2. The Board of Directors of the Toronto Parking Authority direct 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
Summary
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
https://www.toronto.ca/legdocs/mmis/2024/pr/bgrd/backgroundfile-244962.pdf
Confidential Attachment 1 - Confidential Information