Item - 2019.GL9.14

The General Government and Licensing Committee recommends that:  

1.  City Council amend the existing delegated approval and signing authorities adopted by City Council on October 2, 3, and 4, 2017 in Item EX27.12 as follows:

a.  the Executive Director, Corporate Real Estate Management, shall have delegated approval and signing authority for all matters also delegated to the Deputy City Manager, Corporate Services, but with an upper financial limit of $3 million; and

b.  effective upon the recruitment of the new Director, Transaction Services, and the new Director, Property Management, such Directors shall each have delegated approval and signing authority with respect to matters for which authority previously resided with the Director, Real Estate Services.

This report recommends the delegation of approval and signing authority levels for certain real estate matters to the new Executive Director, Corporate Real Estate Management, that are currently within the delegated authority of the Deputy City Manager, Corporate Services, and related amendments to other existing authorities to align with the Corporate Real Estate Management Division's new structure.

For the purposes of expediting routine real estate transactions, facilitating situations involving critical deadlines, and limiting the need for the Deputy City Manager, Corporate Services, to approve certain lower-value real estate transactions, staff is recommending that delegations previously approved by City Council be updated. If adopted, the proposed amendments would not change the value threshold, currently $10 million, above which City Council approval is required for certain real estate matters.