Worksite Lease Agreement - Sheppard Avenue Subway,

Bayview Station - Owner: Fu-Mei Lin, Wu-Shin Lin and

Shu-Chen Huang Su - 589 Sheppard Avenue East

North York Centre South Ward - Ward 9

The Corporate Services Committee recommends the adoption of the following report (March 17, 1998) from the Commissioner of Corporate Services:

Purpose:

To authorize the execution of a Worksite Lease required for the construction of the Sheppard Subway.

Funding Sources, Financial Implications and Impact Statement:

Financing has been previously approved by Council and is available in Capital Account No. TC-392.

Recommendations:

It is recommended that:

(1) authority be granted for the Commissioner of Corporate Services to accept the Worksite Lease and execute it on behalf of the Corporation; and

(2) the appropriate City officials be authorized and directed to take the necessary action to give effect thereto.

Council Reference/Background/History:

By the approval of Clause No. 2 of Report No. 9 of The Management Committee (as amended) on March 8 and 9, 1994, and subject to a further report regarding funding, Metropolitan Council approved construction of the Sheppard Subway to Don Mills Road. By the approval of Clause No. 2 of Report No. 14 of The Management Committee (as amended) on April 20, 1994, Metropolitan Council, by its adoption of Clause No. 2 of Report No. 21 of The Financial Priorities committee on September 25 and 26, 1996, as amended, approved the completion of the Sheppard Subway Project.

Comments and/or Discussion and/or Justification:

As part of the construction of the Sheppard Subway, a lease agreement is required from the property at 589 Sheppard Avenue East for the temporary relocation of the driveway in order to facilitate the construction of the Bayview Station. The lease is required for a three year period, commencing on January 1, 1998, with an option to renew for a further one year period. The demised area is described as an irregular shaped strip of land across the subject property's entire Sheppard Avenue East frontage, shown cross-hatched on the sketch attached.

Copies of the draft survey plan, prepared by J. D. Barnes Limited and sketch are on file with the City Clerk.

Negotiations have been conducted with the owner and an agreement has been reached as to compensation. The particulars of the property and the property requirements are summarized as follows:

Owner: Fu-Mei Lin, Wu-Shin Lin and Shu-Chen Huang Su

Location: The subject property is located on the south side of Sheppard Avenue East, east of Barberry Place and known municipally as 589 Sheppard Avenue East.

Legal Description: Part of Lot 1, Registered Plan No. 4797 in the City of Toronto (formerly the City of North York).

Property Description: A single family residential holding, improved with a 2 storey brick residence with 67 feet of frontage on Sheppard Avenue East.

Area of Requirements: The demised area covers 41 square metres (442 square feet) and is shown cross-hatched on the attached sketch.

Rent: $1,050.00 for the three year term; $350.00 for the one year option, plus reasonable legal fees and other costs.

Conclusions:

In my opinion, the terms and conditions of the lease as detailed herein is fair and reasonable.

Contact Name:

Mr. Douglas F. Warning

Acting Director of Real Estate (392-8165)

(A copy of the sketch referred to in the foregoing report is on file in the office of the City Clerk.)