March 15, 1999
To:Corporate Services Committee
From:Commissioner of Corporate Services
Subject:3885 Yonge Street, The Jolly Miller
(Ward 9 - North York Centre South)
Purpose:
To declare the subject property surplus to the needs of the City for the leased term of fifty (50) years.
Financial Implications:
No financial implications at this stage, but when leased, revenue will be generated for the City.
Recommendations:
It is recommended that:
(1)in order to comply with the provisions of By-Law 551-1998, Council declare that the subject property is surplus to the
needs of the City for the leased term, i.e. 50 years;
(2) subsequent to Council adopting the foregoing resolution, that notice be given to the public of the proposed lease;
(3) staff submit a report to Corporate Services Committee addressing the terms and conditions of the lease after the
notification period has expired; and
(4) the appropriate City officials be authorized and directed to take the necessary action to give effect to the foregoing.
Council Reference/Background/History:
In 1997, the former City of North York purchased the Jolly Miller for its historical and architectural significance and
brought it to public ownership.
The City then put out a proposal call to find a tenant who would renovate, restore, and lease this property from the City on
a long term basis. Clause No. 1, embodied in Report No. 13 of the North York Community Council, as adopted by the
Council of the City of Toronto, at its meeting held on November 25, 26 and 27, 1998, recommended that staff be
authorized to negotiate a lease with Prime Asset Management Corporation for tenancy of the Jolly Miller for a term,
together with renewals, of fifty (50) years.
Comments and/or Discussion and/or Justification:
The Municipal Act requires that every Council must pass a by-law to establish procedures to govern the sale of real
property ("sale" is defined to include a lease of 21 years or longer). By-Law 551-1998 was passed to establish procedures
governing the sale of real property of the City of Toronto. For the purposes of this report, "sale" refers to a lease term of
over 21 years.
This by-law requires Council to declare the real property to be surplus before entering into any agreement of sale ("sale"
includes a lease with a term of 21 years or longer) of any real property by passing a resolution at a meeting open to the
public. Also, the City shall give notice to the public of the proposed sale (lease).
In order to permit the lease negotiation with Prime Asset Management Corporation to proceed, the requirements of By-Law
551-1998 must be complied with. It is noted City ownership of this asset is being maintained, and the property will revert
back to the City at the end of the 50 year lease.
Conclusion:
This property should be declared surplus in order to comply with the requirements of By-Law 551-1998, as soon as
possible, in order to proceed with the lease negotiations.
Contact Name:
Vicky Papas, 392-1830; Fax. No.: 392-1880; E-Mail address: papas@toronto.ca (cs99048.wpd)
Margaret Rodrigues
Commissioner of Corporate Services
