Item - 2018.EX36.50
Tracking Status
- City Council adopted this item on July 23, 2018 without amendments.
- This item was considered by the Executive Committee on July 17, 2018 and adopted without amendment. It will be considered by City Council on July 23, 2018.
EX36.50 - Next Steps to Acquire Surplus LCBO Site at 11 Brock Avenue for Affordable Rental Housing
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 14 - Parkdale-High Park
City Council Decision
City Council on July 23, 24, 25, 26, 27 and 30, 2018, adopted the following:
1. City Council request the Director, Real Estate Services and the Director, Affordable Housing Office to complete the necessary due diligence on the 11 Brock Avenue site and report to the Government Management Committee and City Council in the first quarter of 2019 on the results and sources of funding to support the proposed acquisition of 11 Brock Avenue.
2. City Council authorize the Director, Real Estate Services to provide a Letter of Intent to the Liquor Control Board of Ontario with a commitment to negotiate an Offer to Sell agreement and a schedule to complete the necessary due diligence.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118723.pdf
Motions (City Council)
That in accordance with the provisions of Chapter 27, Council Procedures, City Council reconsider the vote to adopt Item EX36.50.
Vote (Adopt Item) Jul-24-2018 9:50 AM
| Result: Carried | Majority Required - EX36.50 - Adopt the item |
|---|---|
| Total members that voted Yes: 36 | Members that voted Yes are Maria Augimeri, Ana Bailão, John Campbell, Christin Carmichael Greb, Josh Colle, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Michael Ford, Mark Grimes, Jim Hart, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Giorgio Mammoliti, Miganoush Megardichian, Joe Mihevc, Denzil Minnan-Wong, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Neethan Shan, Michael Thompson, John Tory, Lucy Troisi, Jonathan Tsao, Kristyn Wong-Tam |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 9 | Members that were absent are Paul Ainslie, Jon Burnside, Mary Fragedakis, Michelle Holland, Josh Matlow, Mary-Margaret McMahon, Anthony Perruzza, Jaye Robinson, David Shiner |
Declared Interests (City Council)
Councillor Josh Matlow - as his sister purchased a condo a few doors away.
EX36.50 - Next Steps to Acquire Surplus LCBO Site at 11 Brock Avenue for Affordable Rental Housing
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 14 - Parkdale-High Park
Committee Recommendations
The Executive Committee recommends that:
1. City Council request the Director, Real Estate Services and the Director, Affordable Housing Office to complete the necessary due diligence on the 11 Brock Avenue site and report to the Government Management Committee and City Council in the first quarter of 2019 on the results and sources of funding to support the proposed acquisition of 11 Brock Avenue.
2. City Council authorize the Director, Real Estate Services to provide a Letter of Intent to the Liquor Control Board of Ontario with a commitment to negotiate an Offer to Sell agreement and a schedule to complete the necessary due diligence.
Origin
Summary
At its meeting on July 7, 8 and 9, 2015, City Council directed the City Manager to advise Infrastructure Ontario that the City of Toronto has an interest in the property at 11 Brock Avenue (the "Property").
City Council also directed the City Manager to request a meeting with Infrastructure Ontario and the Ministry of Economic Development Employment and Infrastructure to discuss options for developing the Property with the purpose of building affordable housing.
Subsequently, Infrastructure Ontario advised the City the Liquor Control Board of Ontario ("LCBO") would be the lead regarding any discussions regarding the sale of the Property.
Discussions with the Liquor Control Board of Ontario for the acquisition of the Property have been ongoing. The Liquor Control Board of Ontario has now requested a firm commitment from the City that there is intent to purchase the Property. Given this term of City Council is about to end, staff are seeking City Council approval to provide the Liquor Control Board of Ontario with a Letter of Intent for purchase of the Property and undertake the necessary due diligence, which would subject to a further report to City Council in the first quarter 2019.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118723.pdf