Item - 2021.GL24.15

The General Government and Licensing Committee recommends that:  

1. City Council authorize the City of Toronto to enter into an agreement of purchase and sale with the Toronto and Region Conservation Authority for the conveyance of the City-owned parcels of land described in Appendix A to the report (June 15, 2021) from the Executive Director, Corporate Real Estate Management and shown shaded in red on Sketch Number PS-2006-002-A and Sketch Number PS-2006-004-A attached as Appendices B-1 and B-2 to the report (June 15, 2021) from the Executive Director, Corporate Real Estate Management, respectively, for the nominal sum of Two Dollars ($2.00), subject to the reservation of an easement by the City over the Subject Lands for storm and sanitary sewer purposes, and on such other terms as may be satisfactory to the Executive Director, Corporate Real Estate Management, in consultation with the Director, Waterfront Secretariat, and in a form satisfactory to the City Solicitor.

The purpose of this report is to seek authority for the conveyance of certain lands to Toronto and Region Conservation Authority, for nominal consideration, in order to facilitate the operation of the Flood Protection Landform constructed at Corktown Common, and to facilitate the implementation of the Port Lands Flood Protection and Enabling Infrastructure Project.

The lands to be conveyed to Toronto and Region Conservation Authority are remnant City of Toronto-owned lands located within the Toronto and Region Conservation Authority-owned 'wet side' of the Flood Protection Landform (the area still at risk of flooding) located at Corktown Common, with a total combined area of 7,077 square meters, as described in Appendix A and shown in red on Sketch No. PS-2006-002-A and Sketch Number PS-2006-004-A attached as Appendices B-1 and B-2, respectively (collectively, the "Subject Lands").