Assignment of Leases and Other Agreements from

Seneca College to the Institute of Naturopathic

Education and Research, 1255 Sheppard Avenue East

(Ward 9 - North York Centre South)

The Corporate Services Committee recommends the adoption of the following report (May 1, 1998) from the Commissioner of Corporate Services:

Purpose:

To obtain authority to consent to assignment of leases and other agreements on the above referenced property as shown on the attached location map and site plan.

Funding Sources, Financial Implications and Impact Statement:

N/A

Recommendations:

It is recommended that:

(1)authority be granted to consent to the assignment of leases and other agreements, from the Board of Governors of the Seneca College of Applied Arts and Technology to the Institute of Naturopathic Education and Research, provided there are no outstanding disputes or defaults under any terms and conditions with respect to the agreements and an administrative fee of $300.00 is paid to the City of Toronto;

(2)consent to the assignments be satisfactory in form and content to the City Solicitor, and that the preparation of all necessary documentation be at no expense to the City; and

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

Council Reference/Background/History:

Metropolitan Council on April 9, 1997, by adoption of Clause No. 2 of Report No. 10 of The Corporate Administration Committee, approved the execution of several agreements with the Board of Governors of Seneca College of Applied Arts and Technology arising from an Agreement of Purchase and Sale for various property requirements in connection with the Sheppard Subway Project. The agreements executed include the Sale Agreement, a Replacement Parking Lease, a Licence Agreement, a Leaseback Agreement, a Tieback Easement Agreement and a Worksite Lease.

Comments and/or Discussion and/or Justification:

By letter dated March 5, 1998, the law firm of Tory, Tory, DesLauriers & Binnington who are representing Seneca College in a proposed sale of the Leslie Campus to the Institute of Naturopathic Education and Research, requested consent to the assignment of the various existing agreements pertaining to the Sheppard Subway Project.

Conclusions:

I have no objections to assignment of the agreements to the Institute of Naturopathic Education and Research, subject to the Board of Governors of Seneca College of Applied Arts and Technology fulfilling all of its existing obligations, if any, and the Institute of Naturopathic Education and Research agreeing to assume all of Seneca College=s obligations under the existing agreements and to be bound by all of the terms and conditions therein.

Contact Name:

Mr. Tony Pittiglio

Manager of Property Services

Telephone No.: (416) 392-8155

Fax No.: (416) 392-4828

E-mail address: anthony_pittiglio@metrodesk.metrotor.on.ca.

(A copy of the maps attached to the foregoing report were forwarded to all Members of Council with the May 25, 1998, agenda of the Corporate Services Committee, and a copy thereof is also on file in the office of the City Clerk.)