Item - 2021.CC38.19

City Council on December 15, 16 and 17, 2021, adopted the following:

1. City Council authorize the Deputy City Manager, Corporate Services, to negotiate and execute a Letter of Intent, agreement of purchase and sale and any additional or ancillary agreements required for the acquisition of the Property identified in Confidential Attachment 1 to the report (December 8, 2021) from the City Manager and the Executive Director, Corporate Real Estate Management, substantially on the terms and conditions outlined in Confidential Attachment 1 to the report (December 8, 2021) from the City Manager and the Executive Director, Corporate Real Estate Management, and on such other additional or amended terms and conditions as may be acceptable to the Deputy City Manager, Corporate Services, and in a form satisfactory to the City Solicitor.

2. City Council adopt the confidential instructions to staff in Confidential Attachment 1 to the report (December 8, 2021) from the City Manager and the Executive Director, Corporate Real Estate Management, and the Toronto Transit Commission Board Transmittal - Confidential Attachment 1 and City Council direct that they remain confidential at this time as they pertain to a proposed or pending acquisition of land.

3. City Council authorize the public release of Confidential Attachment 1 to the report (December 8, 2021) from the City Manager and the Executive Director, Corporate Real Estate Management, and the Toronto Transit Commission Board Transmittal - Confidential Attachment 1 following the closing of any purchase transaction and any other related ancillary agreements.

4. City Council forward the Item and  Confidential Attachment 1 to the report (December 8, 2021) from the City Manager and the Executive Director, Corporate Real Estate Management, and the Toronto Transit Commission Board Transmittal - Confidential Attachment 1 to the CreateTO Board for their information.

Confidential Attachment 1 to the report (December 8, 2021) from the City Manager and the Executive Director, Corporate Real Estate Management, and the Toronto Transit Commission Board Transmittal - Confidential Attachment 1 remain confidential at this time in accordance with the provisions of the City of Toronto Act, 2006, as they pertain to a proposed or pending acquisition of land. Confidential Attachment 1 to the report (December 8, 2021) from the City Manager and the Executive Director, Corporate Real Estate Management, and the Toronto Transit Commission Board Transmittal - Confidential Attachment 1 will be made public following the closing of any purchase transaction and any other related ancillary agreements.