Item - 2016.GM14.14
Tracking Status
- This item was considered by Government Management Committee on September 6, 2016. The Government Management Committee has referred this item to an official or other body without making a decision. Consult the text of the decision for further information on the referral.
GM14.14 - Appraisal of Land for Parkland Purposes in King-Spadina East Precinct
- Decision Type:
- ACTION
- Status:
- Referred
- Ward:
- 20 - Trinity-Spadina
Confidential Attachment - This report is about a proposed or pending land acquisition by the City or one of its agencies, boards, and commissions.
Committee Decision
The Government Management Committee:
1. Referred the item to the Deputy City Manager and Chief Financial Officer and Deputy City Manager, Cluster A, to report to the Government Management Committee in the first quarter of 2017, on funding options and strategies in the context of parks and public realm planning underway in the downtown.
Origin
Summary
At its meeting on July 12, 13, 14 and 15, 2016, City Council directed the Chief Corporate Officer to undertake an appraisal to determine the current market value of the lands known as 229 Richmond Street West, (herein after referred to as the "Lands") and direct the Deputy City Manager and Chief Financial Officer and the Deputy City Manager of Cluster A to report back to the Government Management Committee on September 6, 2016, with these findings.
These lands are depicted at Appendix A and are legally described in Appendix B.
Background Information
https://www.toronto.ca/legdocs/mmis/2016/gm/bgrd/backgroundfile-95674.pdf
(August 22, 2016) Confidential Attachment 1 - Appraisal of Land for Parkland Purposes in King-Spadina East Precinct
Motions
That the item be referred to the Deputy City Manager and Chief Financial Officer and Deputy City Manager, Cluster A, to report to the Government Management Committee in the first quarter of 2017, on funding options and strategies in the context of parks and public realm planning underway in the downtown.