Item - 2019.GL8.5

City Council on October 29 and 30, 2019, adopted the following:

1.  City Council, as approving authority under the Expropriations Act, approve the expropriation of the leasehold interest in 300 Commissioners Street, as legally described in Appendix A (the Property Interests) and depicted on the location map in Appendix B to the report (September 20, 2019) from the Executive Director, Corporate Real Estate Management.

2.  City Council authorize CreateTO, which manages the lands under the ownership of the Toronto Economic Development Corporation, to transfer to the City of Toronto for nominal consideration such part or parts of 300 Commissioners Street as may be required by the City, such transfer to occur at such time as the City requests, with the City to provide a minimum of one year's prior notice to the Toronto Economic Development Corporation of its requirement for part or parts of 300 Commissioners Street to be transferred.

3.  City Council authorize the City of Toronto, as expropriating authority under the Expropriations Act, to take all necessary steps to comply with the Expropriations Act, including but not limited to, the preparation and registration of an Expropriation Plan and service of Notices of Expropriation, Notices of Election as to a Date for Compensation, and Notices of Possession for the Property Interests as legally described in Appendix A to the report (September 20, 2019) from the Executive Director, Corporate Real Estate Management.

4.  City Council authorize the public release of Confidential Attachment 1 to the report (September 20, 2019) from the Executive Director, Corporate Real Estatement Management once there has been a final determination of all claims for compensation for the Property Interests as legally described in Appendix A to the report (September 20, 2019) from the Executive Director, Corporate Real Estate Management, to the satisfaction of the City Solicitor.

Confidential Attachment 1 to the report (September 20, 2019) from the Executive Director, Corporate Real Estate Management remains confidential at this time in accordance with the provisions of the City of Toronto Act, 2006, as it pertains to a proposed or pending acquisition of land by the City of Toronto or one of its agencies or corporations.  Confidential Attachment 1 to the report (September 20, 2019) from the Executive Director, Corporate Real Estate Management will be made public once there has been a final determination of all claims for compensation for the Property Interests as legally described in Appendix A to the report (September 20, 2019) from the Executive Director, Corporate Real Estate Management, to the satisfaction of the City Solicitor.