January 30, 1998
To: Corporate Services Committee
From: Commissioner of Corporate Services
Subject: Renewal of Leases for Child Care Centres at O-Connor, Emery and Shoreham Public Schools in North York
Purpose:
To renew the captioned leases with the Toronto District School Board (formerly The Board of Education for the City of North York).
Funding Sources, Financial Implications and Impact Statement:
Funds to cover the expenditures identified in this report are part of Children=s Services 1998 Operating Budget Request.
The Commissioner of Finance, in accordance with Provincial regulations, has certified that financing for these expenditures in the amount of $21,992.08 is within the Updated Financial Debt and Obligation Limit.
Recommendations:
It is recommended that:
(1) financing in the amount of $21,992.08 be approved;
(2) authority be granted to renew the leases with the Toronto District School Board for the captioned Child Care Centres, for a one-year term commencing August 1, 1997 and expiring on July 31, 1998, based on the terms and conditions herein below, in a form acceptable to the Toronto Solicitor; and
(3) the appropriate Toronto Officials be authorized and directed to take the necessary action to give effect thereto.
Council Reference/Background/History:
Metropolitan Council, by its adoption of Clause No.11 of Report No. 20 of The Corporate Administration Committee on April 23, 1997, authorized the renewal of leases with the North York Board of Education for the captioned Child Care Centres, for one-year term commencing August 1, 1996 and expiring July 31, 1997, at the following rental rates:
(1) O=Connor Public School, with an area of 99.50 square metres (1,071 square feet) at $7.64 per square foot, which rental rate equates to $8,182.44 per annum, gross ($681.87 per month);
(2) Emery Public School, with an area of 85.19 square metres (917 square feet) at $7.64 per square foot, which rental rate equates to $7,005.88 per annum, gross ($583.82 per month); and
(3) Shoreham Public School, with an area of 89.18 square metres (960 square feet) at $7.64 per square foot, which rental rate equates to $7,334.40 per annum, gross ($611.20 per month).
Comments and/or Discussion and/or Justification:
By a letter dated December 2, 1997 to our Legal Department, the North York Board of Education forwarded Lease Agreements for the three captioned Child Care Centres, for a term of one year commencing August 1, 1997 and expiring July 31, 1998, at a slightly reduced rental rate of $7.46 per square foot. This rental rate equates to the following rentals:
(1) O=Connor Public School, 1665 O=Connor Drive, North York
Area: 1,071 square feet at $7.46 per square foot
= $7,989.66 per annum, gross ($665.81 per month);
(2) Emery Public School, 3395 Weston Road, North York
Area: 917 square feet at $7.46 per square foot
= $6,840.82 per annum, gross ($570.07 per month); and
(3) Shoreham Public School, 31 Shoreham Drive, North York
Area: 960 square feet at $7.46 per square foot
= $7,161.60 per annum, gross ($596.80 per month).
On January 28, 1998, Community and Neighbourhood Services Department, has informed me that the above terms and conditions of the North York Board of Education are acceptable to them, and has requested our assistance to proceed with the lease renewals.
Conclusions:
In my opinion, the above terms and conditions are fair and reasonable.
Contact Name and Telephone Number:
Mr. Tony Pittiglio (392-8155)
Manager of Property Services
Commissioner of Corporate Services
FVC/wvm