Item - 2017.GM22.29

City Council on October 2, 3 and 4, 2017, adopted the following:

1.  City Council authorize the Chief Corporate Officer or designate to negotiate the acquisition of the eight residential condominium units located at 414 Dawes Road with each respective owner for the proposed consideration outlined in Confidential Attachment 1 to the report (September 6, 2017) from the Chief Corporate Officer, containing the major terms outlined in Appendix A to the report (September 6, 2017) from the Chief Corporate Officer, and on such other terms and conditions as determined by the Chief Corporate Officer, and in a form acceptable to the City Solicitor.

2.  City Council authorize the Chief Corporate Officer or designate to execute on behalf of the City any ancillary documents necessary to complete the transaction.

3.  City Council authorize the City Solicitor to complete the transaction on behalf of the City, including paying any necessary expenses, amending the closing, due diligence and other dates, registering documentation and amending and waiving terms and conditions, on such terms as the City Solicitor considers reasonable.

4.  City Council authorize the public release of Confidential Attachment 1 to the report (September 6, 2017) from the Chief Corporate Officer following the acquisition of all applicable residential condominium units.

Confidential Attachment 1 to the report (September 6, 2017) from the Chief  Corporate Officer remains confidential in its entirety at this time in accordance with the provisions of the City of Toronto Act, 2006, as it pertains to a proposed or pending acquisition or sale of land for municipal or local board purposes.

Confidential Attachment 1 to the report (September 6, 2017) from the Chief Corporate Officer will be made public following the acquisition of all applicable residential condominium units.