Item - 2017.GM21.14

The Government Management Committee:

1.  In accordance with, Section 71-11.1.C of the City of Toronto Municipal Code Chapter 71 (Financial Control By-Law), authorized the amendment of the retainer with Davies Ward Phillips and Vineberg LLP (Purchase Order No. 6025203), to provide real estate legal advice, draft legal terms and agreements for the on-going agreements and negotiations with Union Station tenants in the additional amount of $0.350 million, net of all applicable taxes ($0.356 million net of HST recoveries). This addition will revise the Purchase Order 6025203 and current contract value from $ 3.22 million to $3.57 million, net of all applicable taxes ($3.63 net of HST recoveries).

The purpose of the report is to advise on the status of the City of Toronto's Union Station Revitalization Project, including an update on the construction progress and project budget. This report also seeks authority to amend the contract with Davies Ward Phillips and Vineberg LLP for the provision of real estate advice, drafting of agreements and negotiations with Union Station tenants.

The project remains within the current approved budget of $800.7 million and is scheduled to be substantially completed by early 2018.