Item - 2009.GM26.11

The Government Management Committee recommends that:

1.         City Council grant authority to enter into an Access Agreement with Toronto Waterfront Toronto Revitalization Corporation (“WT”) for the City-owned  properties located at 480 Lake Shore Blvd East, 400 Commissioner Street, 545 Commissioner Street and 9 Leslie Street (“Subject Lands”) to conduct geo-environmental baseline investigations and examinations, substantially on the terms and conditions set-out in Schedule “A” in the report (October 9, 2009) from the Chief Corporate Officer and any other terms and conditions as the City Solicitor may deem necessary to protect the City’s interest.

2.         City Council authorize each Chief Corporate Officer and the Director of Real Estate Services severally to execute the Agreement on behalf of the City.

3.         City Council authorize and direct the appropriate City officials to take the necessary action to give effect thereto.

The purpose of this report is to seek Council Authority to enter into an Access Agreement (the “Agreement”) with Waterfront Toronto for access to four City-owned properties to conduct environmental testing.

There is no financial impact to the City as a result of approving this report.

The Deputy City Manager and Chief Financial Officer has reviewed this report and agrees with the financial impact information.