City of Toronto   *
HomeContact UsHow Do I...? Advanced search Go
Living in TorontoDoing businessVisiting TorontoAccessing City Hall
 
Accessing City Hall
Mayor
Councillors
Meeting Schedules
   
   
  City of Toronto Council and Committees
  All Council and Committee documents are available from the City of Toronto Clerk's office. Please e-mail clerk@toronto.ca.
   

 

Authority: Strategic Policies and Priorities Committee Report No. 10, Clause No. 1,

as adopted by City of Toronto Council on June 9, 10 and 11, 1999

Enacted by Council: June 11, 1999



CITY OF TORONTO



BY-LAW No. 374-1999



To transfer the employees, assets, liabilities, rights and obligations of the Toronto Hydro-Electric Commission and the City of Toronto associated with the generation, distribution, transmission and retailing of electricity and associated business activities to Toronto Hydro Corporation, Toronto Hydro-Electric System Limited and Toronto Hydro Energy Services Inc., Business Corporations Act (Ontario) corporations to be incorporated under Section 142(1) of the Electricity Act, 1998 and Sections 71 and 73 of the Ontario Energy Board Act, 1998.



WHEREAS under Section 145(1) of the Electricity Act, 1998 the Council may make by-laws transferring employees, assets, liabilities, rights, and obligations of the City of Toronto (the "City") or of a commission or other body through which the City generates, transmits, distributes or retails electricity, to a Business Corporations Act corporation incorporated under Section 142 of the Electricity Act, 1998;



AND WHEREAS the City generates, transmits, distributes and retails electricity through the Toronto Hydro-Electric Commission;



AND WHEREAS Council is authorizing the incorporation of Toronto Hydro Corporation, Toronto Hydro-Electric System Limited and Toronto Hydro Energy Services Inc. (collectively, the "Corporations") under Section 142(1) of the Electricity Act, 1998 and Sections 71 and 73 of the Ontario Energy Board Act, 1998 for the purpose of generating, transmitting, distributing or retailing electricity and associated business activities and the incorporation of any further Subsidiaries necessary for carrying out any such activities;



The Council of the City of Toronto HEREBY ENACTS as follows:



1.1 Definitions.



As used in this By-law, the following terms shall have the meanings indicated



A. ACT - The Electricity Act, 1998, and any regulations thereunder.



B. ASSETS - Except for Excluded Assets, all assets, interests, property, rights and undertakings, registered or unregistered, secured or unsecured, of the Commission and the City held or used by either of them for the purpose of generating, distributing, transmitting or retailing electricity and carrying on associated business activities on the Effective Date, including the following:



(1) Cash, Accounts Receivable - All of the cash on hand, and all accounts receivable of the Commission including without limitation, all customer and trade accounts, notes receivable, book debts and other debts due or accruing to the Commission and the benefits of all security and security deposits for such accounts and debts.



(2) Computer Hardware and Software - All computer hardware and software, including all rights under licences and other agreements or instruments relating thereto.



(3) Contracts, Rights - The full benefit of all franchise, licence or management agreements and all other contracts, commitments, rights, choses in action, benefits, arrangements, understandings, and agreements, written or oral, to which the Commission is a party or otherwise including:



(a) All written or oral contracts, agreements, commitments, undertakings, rights and arrangements.

(b) All forward commitments to the Commission for supplies or materials entered into in the usual and ordinary course of business whether or not there are any written contracts with respect thereto.



(4) Employee Agreements: All contracts, agreements, and commitments in respect of Employees as at the Effective Date to which the Commission is a party or by which it is bound, including:



(a) All collective agreements.



(b) All contracts of employment.



(5) Employee Plans: All employee benefit plans, pension plans, bonus or incentive plans, employee medical insurance and disability plans and savings plans.



(6) Goodwill: The goodwill of the Commission, including:



(a) The exclusive right of any of the Corporations to represent themselves as carrying on a business in continuation of and in succession to the Commission and the right to use any words indicating that their business is so carried on.



(b) All records of sales, customer lists, customer data and supplier lists of or used by the Commission.



(7) Insurance Policies - The full benefit of all policies of insurance of the Commission.



(8) Intellectual Property - All of the right, title, benefit and interest of the Commission in and to all registered trade marks, trade names, brand names, patents and copyrights, all unregistered trade marks, trade names and copyrights and all patent applications, trade mark registration applications and copyright registration applications, both domestic and foreign, owned or made by the Commission, including without limitation those described in Schedule A.



(9) Inventories - All inventories and supplies including, but without limitation, all finished goods, work in progress, raw materials, production and shipping supplies and maintenance items and all other materials and supplies on hand to be used or consumed in the production of products.



(10) Know-How - All patterns, plans, designs, research data, copyrights, trade secrets and other proprietary know-how, processes, drawings, technology, unpatented blueprints, flow-sheets, equipment and parts lists and descriptions and related instructions, manuals, data, records and procedures and any and all data owned or used by the Commission, and all licences, agreements and other contracts and commitments relating to any of the foregoing to which the Commission is a party.



(11) Licences and Permits - The full benefit of all licences, registrations, permits, consents, quotas, approvals, certificates, and other authorizations including those described in Schedule B.



(12) Machinery and Equipment - All machinery and equipment, metering and measurement devices, hot water heaters and appliances and all goods and chattels and other personal property and all tools, handling equipment, furniture, furnishings and accessories.



(13) Plant, Building, Fixtures - All plant, buildings, structures, erections, improvements, appurtenances and fixtures (including fixed machinery and fixed equipment) conduits, pipes, poles, wires, rods, cables, fibres and other apparatus, devices, appliances and equipment, materials, works, transformer stations, transformers, vaults, transmission lines, distribution lines, ducts, pipelines, fittings, apparatus, meters, wheresoever situate on property owned by the Commission or the City, on private property and on public property.



(14) Prepaid Expenses - All pre-paid expenses and deposits the benefits of which will accrue to any of the Corporations.



(15) Real Property Interests - All lands, premises, freehold and leasehold property interests, mortgages, charges, agreements, notices of agreements, debentures and security interests which create an interest in land, liens, easements, rights of way, licences, and rights to use or occupy real property, and all other rights or interests therein and fixtures thereon, including the relevant interests in the assets listed in Schedule C.



(16) Records - All personnel records, inspection records and all other records, books, documents and data bases relating to Employees, the Assumed Liabilities, the business of the Commission, or to the Assets in the possession or under the control of the Commission.



(17) Reserves - The portion of any reserve fund established pursuant to section 33 of the Development Charges Act, 1997 that relates to development charges collected in respect of electrical power services, and the portion of any reserve fund referred to in section 63 of the Development Charges Act, 1997 that relates to development charges collected in respect of electrical power services, as set out in Schedule D.



(18) Vehicles - All trucks, cars and vehicles of all kinds.



(19) Warranties - The full benefit of all warranties and warranty rights, implied, express or otherwise, against manufacturers, suppliers or sellers which apply to any of the Assets and the net realizable value of any warranty claims relating to the Assets outstanding as of the Effective Date.



C. ASSUMED LIABILITIES - Other than Excluded Liabilities, all of the debts, liabilities and obligations of the Commission.



D. BODY CORPORATE - A firm, partnership, unincorporated association, joint venture, body corporate, corporation, bank, trust, pension fund, union, government agency, board, tribunal, ministry, or commission or other legal entity of any kind whatsoever, but excludes an individual or natural person.



E. COMMISSION - The Toronto Hydro-Electric Commission, established under Section 9 of the City of Toronto Act, 1997, and deemed a commission under Part III of the Public Utilities Act.



F. EFFECTIVE DATE - The date for each transfer set out in Section 6-1.



G. EMPLOYEES - All full-time and part-time, union and non-union, employees and officers of the Commission, including all trainees, and probationary employees, on the Effective Date.



H. EXCLUDED ASSETS - The assets described in Schedule E.



I. EXCLUDED LIABILITIES - The liabilities described in Schedule F.



J. OBCA - The Business Corporations Act (Ontario), and any regulations thereunder.



K. OEB - The Ontario Energy Board.



L. OEBA - The Ontario Energy Board Act, 1998, and any regulations thereunder.



M. PERSON - Any individual, a natural person or body corporate.



N. SUBSIDIARY - With respect to Toronto Hydro Corporation, any Body Corporate of which more than 50 percent of the outstanding securities of any class carrying exercisable voting rights are beneficially owned, directly or indirectly, by or for Toronto Hydro Corporation, and includes any Body Corporate in like relation to a Subsidiary.



1-2. Interpretation.



In this By-law, unless a contrary intention appears:



A. Words importing the singular shall include the plural and vice versa and words importing gender shall include all genders.



B. If any section of this By-law is invalid or ultra vires the City it shall not affect the operation of the remaining portions of this By-law.



C. The following Schedules are attached and form part of this By-law:



(1) Schedule A - Intellectual Property

(2) Schedule B - Licences and Permits

(3) Schedule C - Real Property Interests

(4) Schedule D - Reserves

(5) Schedule E - Excluded Assets

(6) Schedule F - Excluded Liabilities

(7) Schedule G - Allocation of Consideration

D. This by-law is binding on the City, the Commission, the Corporations and all other Persons.

E. In accordance with the Act, this By-law applies despite any general or special act or any rule of law, including any act or rule of law which requires notice or registration of transfers; provided, however, the Corporations may register such documents, instruments and agreements, including certified copies of this By-law, as may be necessary or desirable in order to evidence or confirm such transfers.

F. Where the context requires, Corporations shall include any Subsidiaries.

G. Under Subsections 9(4) and (5) of the City of Toronto Act, 1997, all of the assets and liabilities and other rights and obligations relating to the distribution and supply of electricity of the public utility commissions of the former municipalities of East York, Etobicoke, North York, Scarborough, Toronto and York were vested in the City under the control and management of the Commission.

H. Under Subsections 9(2) of the City of Toronto Act, 1997, the Commission has all the powers, rights, authorities and privileges of a municipal public utility commission under Part III of the Public Utilities Act.

2-1. Incorporation.

A. The incorporation of Toronto Hydro Corporation, Toronto Hydro-Electric System Limited and Toronto Hydro Energy Services Inc., under the OBCA, to continue the generation, transmission, distribution and retailing of electricity and associated business activities of the Commission and the incorporation of any further Subsidiaries necessary for any such activities is authorized.

B. Any common shares or other securities issued by any of the Corporations incorporated pursuant to this By-law shall be issued upon such incorporation in the name of the City.

2-2. Corporate, Shareholder Administration.

A. The City, in its capacity as initial shareholder of the Corporations, shall execute and deliver any shareholder agreement, direction or declaration to provide for the organization, management and administration of the Corporations and any further Subsidiaries, in a form approved by Council of the City.

B. The City and the Commission shall execute and deliver to the Corporations, where necessary, in form suitable for registration, recording and filing with such public authorities as may be reasonably required by the Corporations, any bills of sale, assignments, instruments of transfer, assurances, consents and other documents necessary to effectively transfer to the Corporations all the City and the Commission's right, title and interest in the Assets.

3-1. Transfer to Corporations.

A. All the Assets and Assumed Liabilities of the Commission and the City and Employees associated with the generation, distribution, transmission and retailing of electricity and associated business, except for the Excluded Assets and Excluded Liabilities, are transferred to and assumed by the Corporations in accordance with the Act and this By-law as set out in Subsections 3-1B, C, D, E and F.

B. On the Effective Date the Assets and Assumed Liabilities of the Commission and the City used in connection with owning and operating an electricity transmission and distribution system are transferred to and assumed by Toronto Hydro-Electric System Limited.

C. On the Effective Date the Assets and Assumed Liabilities of the Commission and the City used in connection with electricity generation, co-generation, district cooling or other energy services are transferred to and assumed by Toronto Hydro Energy Services Inc.

D. On the Effective Date the Employees of the Commission used in connection with owning and operating an electricity transmission and distribution system are transferred toToronto Hydro-Electric System Limited.

E. On the Effective Date the Employees of the Commission used in connection with electricity generation, co-generation, district cooling or other energy services are transferred to Toronto Hydro Energy Services Inc.

F. Subject to an order of the OEB granting leave under Section 86 of the OEBA, the City shall, and shall be deemed to, have transferred as of the Effective Date all of the voting securities in Toronto Hydro-Electric System Limited and Toronto Hydro Energy Services Inc., which were issued to the City under Subsections 4-1B and D of this By-law, to Toronto Hydro Corporation in consideration of the issuance to the City of voting securities by Toronto Hydro Corporation.

G. Any of the Assets and Assumed Liabilities of the Commission and the City and Employees which are transferred to the Corporations pursuant to this By-law may be transferred to any Subsidiary on such terms and for such consideration as the directors of the transferring Corporation may from time to time approve, subject to Subsection 4-1H of this By-law. The City, the Commission or the Corporations may enter into any agreements or other documents required to evidence the transfers.

H. The Employees transferred to the Corporations, in accordance with Sections 145 and 147 of the Act, shall cease to be Employees of the Commission from and including the Effective Date and shall thereupon be employees of one of the Corporations.

I. Excluded Assets and Excluded Liabilities will not be transferred to the Corporations.

J. Despite any other provision of this By-law or the Electricity Act, 1998, if any of the Assets shall not be assignable, or shall only be assignable with the consent or approval of any other third party, the City or the Commission shall:

(1) use all efforts in co-operation with the assignee Corporation to secure the consent required in connection with those assignments and all costs of obtaining any consent will be paid by the assignee Corporation; and

(2) pending the effective transfer thereof, hold all rights or entitlements that the City or the Commission has thereto in trust for the exclusive benefit of the assignee Corporation provided that the assignee Corporation shall pay, perform and discharge all obligations arising or accruing with respect thereto during such period.

4-1. Consideration and Financing.

A. All costs and expenses incurred or to be incurred by the City and the Commission and all provincial taxes incurred or payable in connection with the transfer of the Assets shall be borne by the Corporations and the Corporations shall reimburse the City and the Commission on demand for any such costs, expenses or taxes.

B. The Assets transferred to Toronto Hydro-Electric System Limited under Subsection 3-1B of this By-law shall be transferred at their respective fair market values on the Effective Date. The fair market value of the Assets shall be deemed to be book value on the Effective Date subject to adjustment under Subsections 4-1H and 5-1C of this By-law.The consideration payable by Toronto Hydro-Electric System Limited for the Assets transferred under Subsection 3-1B shall be satisfied as follows:

(1) by the assumption by Toronto Hydro-Electric System Limited of the Assumed Liabilities referred to in Subsection 3-1B; and

(2) as to the balance by:

(a) the issuance and allotment to the City of 1,000 fully paid and non-assessable common shares of Toronto Hydro-Electric System Limited having an ascribed value equal to 40 percent of such balance which amount shall be added to the stated capital account for such shares, and

(b) the issuance by Toronto Hydro-Electric System Limited to the City of a promissory note having a principal amount equal to 60 percent of such balance, such note to be due and payable on December 31, 2000, to be non-interest bearing until December 31, 1999; and to bear interest at an effective rate of 6% per annum from January 1, 2000 until the City chooses to redeem or until December 31, 2000, whichever comes first, calculated and payable quarterly and to be in form and content satisfactory to the Treasurer of the City.

C. On or before the maturity date of the promissory note referred to in Subsection 4-1B(2)(b), the City, after consultation with Toronto Hydro Corporation, may exchange the said promissory note for one or more debt instruments of Toronto Hydro-Electric System Limited having a form and content satisfactory to the City as evidenced by the written acceptance by the Treasurer of the City.

D. The Assets transferred to Toronto Hydro Energy Services Inc. under Subsection 3-1C of this By-law shall be transferred at their respective fair market values on the Effective Date. The fair market value of the Assets shall be deemed to be book value on the Effective Date as determined under Subsections 4-1H and 5-1C of this By-law. The consideration payable by Toronto Hydro Energy Services Inc. for the Assets transferred under Subsection 3-1C shall be satisfied as follows:

(1) by the assumption by Toronto Hydro Energy Services Inc. of the Assumed Liabilities referred to in Subsection 3-1C; and

(2) as to the balance by the issuance and allotment to the City of 1,000 fully paid and non-assessable common shares of Toronto Hydro Energy Services Inc. having an ascribed value equal to the aforesaid balance which amount shall be added to the stated capital account for such shares.

E. The transfer under Subsection 3-1F shall be deemed to have been effected at the aggregate fair market value of such voting securities as determined by the City Treasurer and an amount equal to such aggregate fair market value shall be added to the stated capital account of the shares of Toronto Hydro Corporation.

F. The consideration payable by the Corporations shall be allocated among the Assets as set out in Schedule G and the Corporations shall report the transfer of the Assets in accordance with the provisions of Schedule G.

G. The Reserves are transferred to Toronto Hydro-Electric System Limited to be used only to pay for capital costs in respect of electrical power services for which the Reserves were collected.

H. The fair market value of the Assets, and the amount of the Assumed Liabilities transferred under this By-law to the Corporations on the Effective Date, shall be determined by the Treasurer of the City in consultation with the Corporations.

I. The Corporations shall be bound by, assume, pay, satisfy, discharge, observe, perform and fulfil, and indemnify and save harmless the City from and against the Assumed Liabilities assumed by them respectively.

4-2. Transfer Exemptions.

A. Any transfer of Assets under this By-law is exempt from land transfer tax and retail sales tax under Section 159 of the Act.

B. Any transfer of Assets under this By-law is exempt from the provisions of the Bulk Sales Act (Ontario) under Section 159 of the Act.

C. Any transfer under this By-law will constitute the transfer of all or substantially all of the Assets necessary for the relevant Corporation to carry on the business transferred to it as a business. The City and the relevant Corporation, both being registered for Goods and Services Tax purposes, undertake to sign the election provided for in Section 167 of the Excise Tax Act and the relevant Corporation shall file the election in accordance with the provisions of that Section so that the transfer is not subject to Goods and Services Tax.

5-1. Consideration Adjustment.

A. The fair market value of the Assets transferred under Subsection 3-1B of this By-law is dependent upon the permitted rate of return on equity and the rates that the OEB will allow Toronto Hydro-Electric System Limited to charge for the distribution of electricity under the OEBA.

B. The fair market value of the Assets transferred and the consideration payable in Subsections 4-1B and D of this By-law may be adjusted as a consequence of any OEB rate order for the year 2000 or subsequent years and any valuation of the Assets subsequent to the enactment of this By-law.

C. Any consideration or revised consideration payable under this By-law shall be determined by the Treasurer of the City in consultation with the Corporations.

D. All necessary adjustments to the consideration payable under this By-law shall have the same effect as if they were made on the Effective Date

6-1. Effective Date of Transfer.

A. The Effective Date of the transfers set out in Subsections 3-1B, C and F is July 1, 1999.

B. The Effective Date of the transfers set out in Subsections 3-1D, E and H is January 1, 2000.



ENACTED AND PASSED this 11th day of June, A.D. 1999.



CASE OOTES, NOVINA WONG,

Deputy Mayor City Clerk



(Corporate Seal)

SCHEDULE A

INTELLECTUAL PROPERTY

(Trademarks, Official Marks, Patents, Copyrights, and Business Names)







Applicant/Registrant/Owner


Application

No.



Registration No.
Trademarks
TORONTO HYDRO Toronto Electric Commissioners 699,404 437,077
TH TORONTO HYDRO & DESIGN Toronto Electric Commissioners 699,406 448,192
CITISOURCE Toronto Hydro-Electric

Commission

876,217 Not registered
THE CITISOURCE Toronto Hydro-Electric

Commission

878,412 Not registered
CITISOURCE TORONTO Toronto Hydro-Electric

Commission

878,413 Not registered
CITISOURCE (US) Toronto Hydro-Electric

Commission

75/511,523 Not registered
POWERSHIFT Toronto Electric Commissioners 699,405 416,682
Official Marks
TORONTO HYDRO Toronto Electric Commissioners 905,223
TORONTO HYDRO & DESIGN Toronto Electric Commissioners 905,222
CITISOURCE Toronto Hydro-Electric Commission 909,905
TORONTO ENERGY CORPORATION Toronto Electric Commissioners 908,410
POWERSHIFT Toronto Electric Commissioners 905,216
COMMITTED TO QUALITY The Public Utilities Commission of the City of Scarborough 906,210
S DESIGN The Public Utilities Commission of the City of Scarborough 906,697
YORK HYDRO & DESIGN The Hydro-Electric Commission of the City of York 904,640
EAST YORK HYDRO & DESIGN The Hydro-Electric Commission of the Borough of East York 905,366
NYH DESIGN North York Hydro 901,391
Patents
CABLE SPLICING DEVICE Arthur Bevis; Rickey Butler; Toronto Electric Commissioners Canadian -2,213,643
British - 9717661.4
German -

196 81 253.4

Connector For Use in Cable Splices (same as Cable Splicing Device) U.S. -

393,645

U.S. Patent No. US 5,527,191
Copyright
SMART Planning Tool The Public Utilities Commission of the City of Scarborough 460015
Quality Assurance - Electrical Metrology North York Hydro 450074
Business Names
Toronto Hydro Toronto Hydro-Electric Commission
Toronto Hydro-Electric System Toronto Hydro-Electric Commission
Etobicoke Hydro Toronto Hydro-Electric Commission
East York Hydro-Electric Commission Toronto Hydro-Electric Commission
East York Hydro Toronto Hydro-Electric Commission
North York Hydro Toronto Hydro-Electric Commission
York Hydro Toronto Hydro-Electric Commission
Scarborough Utilities Toronto Hydro-Electric Commission
Scarborough Public Utilities Commission Toronto Hydro-Electric Commission
S.P.U.C. Toronto Hydro-Electric Commission
Scarborough PUC Toronto Hydro-Electric Commission
Trademarks

(Unregistered)

Etobicoke Hydro Logo The Hydro-Electric Commission of the City of Etobicoke
Greensource*
Our City's Source For Energy*
Toronto Hydro Logo*



*Trademark applications to be filed with CIPO by the Toronto Hydro-Electric Commission.



SCHEDULE B

LICENSES AND PERMITS



1. Metering Certification:

Issued By: Measurement Canada

Title: Accreditation Certificate U/S - 007

Description: Permits verification and re-verification of electricity meters including compliance sampling



2. Certificate of Approval for Transport of PCBs

Issued By: Ministry of Environment

Title: Provisional Certificate of Approval No. A-840375

Description: Permits transport of PCB waste to Ontario PCB disposal sites



3. Exemption for Transport of Asbestos

Issued By: Ministry of Environment (Approvals Branch)

Title: Field Operations Exemption, as set out in correspondence dated March 23, 1998 to David Burnett

Description: Permits transport of asbestos

4. Radio Licenses

Issued By: Industry Canada

Title: Radio Licenses

Description: Various radio licenses permitting possession, installation and operation of radio equipment

5. PCB Storage Site Registrations

Issued By: Ministry of Environment

Title: 301-87A-010 for 3 Dohme Ave, East York

301-82A-028 for 10 Belfield Rd, Etobicoke

301-86A-057 for 50 Toryork Dr, North York

301-88A-032 for 2 Bicknell Ave, Toronto

301-86A-032 for 28 Underwriters Rd, Scarborough

301-96A-003 for 211 Sterling Rd, Toronto

301-94A-058 for 450 Commissioners St, Toronto

301-89A-025 for 2357 Danforth Ave, Toronto

301-85A-023 for 369 Carlaw Ave, Toronto

301-86A-023 for 532 Bay St, Toronto

301-85A-025 for 13-19 Wiltshire Ave, Toronto

Description: Various site registrations permitting storage of PCBs

6. Interim Distributor License issued to Toronto Hydro pursuant to section 129 of the Ontario Energy Board Act, 1998 (Ontario).

SCHEDULE C

REAL PROPERTY INTERESTS



1 233 Adelaide Street East Toronto
2 660 Adelaide Street West Toronto
3 23 - 25 Basin Street Toronto
4 399 Bathurst Street Toronto
5 2500 Bathurst St. Toronto
6 532 Bay Street Toronto
7 777 Bay Street (Suites 403,405,423) Toronto
8 20 Blackburn Street Toronto
9 Bridgement Park - East Toronto
Lots 251,252 Plan M-6
10 Bridgement Park - North Toronto
Lot 259 Plan M-6
11 Bridgement Park - South Toronto
Lots 241, 246 Plan M-6
12 45 Bulwer Street Toronto
13 345 Carlaw Avenue Toronto
14 369 Carlaw Avenue Toronto
15 14 Carlton Street Toronto
16 20 Carlton Street Toronto
17 38 Cecil Street Toronto
18 327 Chaplin Crescent Toronto
19 83 Charles Street East Toronto
20 100 Cherry Street Toronto
21 281 Cherry Street Toronto
22 955 College Street Toronto
23 440 Commissioners Street Toronto
24 450 Commissioners Street Toronto
25 500 Commissioners Street Toronto
26 300 Coxwell Ave Toronto
27 2357 Danforth Avenue Toronto
28 391 Davenport Road Toronto
29 65 Dickens Street Toronto
30 730 Dovercourt Court Toronto
31 1045 Dufferin Street Toronto
32 1047 Dufferin Street Toronto
33 744 Dundas Street East Toronto
34 245 Dunn Avenue Toronto
35 390 - 400 Duplex Avenue. Toronto
(60 Eglinton Ave. W.)
36 146 Dupont Street Toronto
37 905 Dupont Street Toronto
38 652 Eastern Avenue Toronto
39 30 Edwin Avenue Toronto
40 386 Eglinton Avenue East Toronto
41 50 Eglinton Avenue West Toronto
42 85 Elm Ridge Drive Toronto
43 96 Gerrard Street Toronto
44 542 Gladstone Avenue Toronto
45 23 Granby Toronto
46 130 Hammersmith Avenue Toronto
47 37 Hanna Avenue rear Toronto
48 144 Hazelwood Avenue Toronto
49 Island Sub-Station situated in a building Toronto
located at Island Filtration Plant,
Central Island
51 2 Jane Street
52 101 Jefferson Avenue Toronto
53 1080 Kingston Road Toronto
54 2 Labatt Avenue Toronto
55 446 Lakeshore Avenue Toronto
56 885 Lakeshore Blvd E. Toronto
57 444 Logan Avenue Toronto
58 106 Lower Sherbourne Street Toronto
59 290-296 MacPherson Avenue Toronto
60 315 & 325 MacPherson Avenue Toronto
61 365 MacPherson Avenue Toronto
62 375 - 383 Madison Avenue Toronto
63 640 Millwood Road Toronto
64 394 Mount Pleasant Road Toronto
65 35 Mowat Avenue Toronto
66 19-47 Nelson Street Toronto
67 45 Oakmount Avenue Toronto
68 161 Oakwood Avenue Toronto
69 93 Ontario Street Toronto
70 740 Pape Avenue Toronto
71 61 Pelham Park Avenue Toronto
72 18 Portland Street Toronto
73 1457 Queen Street West Toronto
74 1 Rennie Terrace Rear Toronto
75 508 - 510 (518,522) Runnymede Road Toronto
76 546 Sherbourne Street (147 Isabella) Toronto
77 298 Sorauren Avenue Rear Toronto
78 242 South Kingsway Toronto
79 5 Southport Street Toronto
80 473 Spadina Crescent Toronto
81 555 Spadina Road Toronto
82 1860 St Clair Avenue West Toronto
83 165 Stephenson Avenue Toronto
84 211 Sterling Road Toronto
85 6 Strachan Avenue Toronto
86 8 Strachan Avenue Toronto
87 16 Tecumseth St. Toronto
88 120 - 124 Tecumseth St. Toronto
89 180 Wellesley Avenue Toronto
90 253 Wellington Street West Toronto
91 7 Wiltshire Avenue Toronto
92 19 Wiltshire Avenue Toronto
93 39 Wiltshire Avenue Toronto
94 137 Winona Drive Toronto
95 25 (20) Wood St. Toronto
96 2833 Yonge Street Toronto
97 Albion Road Etobicoke
Part 1, Plan 66R-10509 and
Part 3, Plan 66R-9511
98 26 Algie Avenue Etobicoke
99 1 Annabelle Drive Etobicoke
100 15 Arcot Blvd. Etobicoke
101 55 Ashbourne Drive Etobicoke
102 Attwell MS Etobicoke
Part 4, Plan 64R-6352
103 10 Belfield Road Etobicoke
104 121 Belfield Road Etobicoke
105 10 Bellman Avenue Etobicoke
106 132 Berry Road Etobicoke
107 196 Bethridge Road Etobicoke
108 124 Birmingham Street Etobicoke
109 4237 Bloor Street Etobicoke
110 756 Brown's Line Etobicoke
111 16 Burlingame Road Etobicoke
112 Burnhamthorpe Road . Etobicoke
Pt Lot 20, Conc 1
113 790 Burnhamthorpe Road Etobicoke
114 70 Cannon Road Etobicoke
115 139 Carlingview Drive Etobicoke
116 367 Carlingview Drive Etobicoke
117 56 Centennial Park Road Etobicoke
118 90 Cordova Avenue (1276 Islington Avenue) Etobicoke
119 59 Dalegrove Crescent Etobicoke
120 174 Dixon Road Etobicoke
121 298 Dixon Road Etobicoke
122 1 Duffield Road Etobicoke
123 64 Dunsany Crescent Etobicoke
124 62(66) Elmhurst Drive Etobicoke
125 194 Evans Avenue Etobicoke
126 61 Fieldway Road Etobicoke
127 59 Glen Agar Drive Etobicoke
128 74 Guided Court Etobicoke
129 2 Guiness Avenue Etobicoke
130 39 Gunton Drive Etobicoke
131 33 Hardwick Court Etobicoke
132 267 Humberline Road Etobicoke
133 63 Hunting Ridge Etobicoke
134 913 Islington Avenue Etobicoke
135 1066 Islington Avenue Etobicoke
136 1442 Islington Avenue Etobicoke
137 1720 Islington Avenue Etobicoke
138 2310 Islington Avenue Etobicoke
139 95 Kingsview Blvd Etobicoke
140 Kipling Avenue, Hollywood MS Etobicoke
Pt Lot 6, Plan 1990
141 2130 Kipling Avenue Etobicoke
142 74 Leading Road Etobicoke
143 34 Legion Road Etobicoke
144 1 Longfeild Road Etobicoke
145 21 Manstor Road Etobicoke
146 2094 Martingrove Road Etobicoke
147 2236 Martingrove Road Etobicoke
148 25 McLachlan Drive Etobicoke
149 119 Mill Road Etobicoke
150 121 Mimico Avenue Etobicoke
151 8 Newell Court Etobicoke
152 88 North Queen Street Etobicoke
153 318 Prince Edward Drive Etobicoke
Pt Lots 4,5,6 Plan 2318
154 2 Rampart Road Etobicoke
155 395 Rathburn Road Etobicoke
156 54 Reid Manor Etobicoke
157 307 Rexdale Blvd Etobicoke
158 Royal York Road Etobicoke
Centre Drive MS,
Pt Lot 54, Plan 965
159 714 Royal York Road Etobicoke
160 1179 Royal York Road Etobicoke
161 294 Scarlett Road Etobicoke
162 746 Scarlett Road Etobicoke
163 78 Shaver Avenue South Etobicoke
164 17 Sinclair Street Etobicoke
165 153 Taysham Crescent Etobicoke
166 395 The East Mall Etobicoke
167 360 The West Mall Etobicoke
168 510 The West Mall Etobicoke
169 191 The West Way Etobicoke
170 55 (63B) Thistletown Blvd Etobicoke
171 40 Torrington Drive Etobicoke
172 18 Warbeck Place Etobicoke
173 40 Watercliff Road Etobicoke
174 127 Westmore Drive Etobicoke
175 130 Westrose Avenue Etobicoke
176 Windsor Street Etobicoke
Pt Lots 177,180 Plan 164
177 27 Wingrove Hill Etobicoke
178 Part Lot 25, Conc 1 Etobicoke
179 Lot 192, Plan 5719 Etobicoke
180 3706 Bathurst Street North York
181 2065 Bayview Avenue North York
182 130 Bond Avenue North York
183 18 Brenthall Avenue North York
184 1 Broadlands Blvd North York
185 165 Burbank Drive North York
186 941 Caledonia Road North York
187 283 Churchill Avenue North York
188 25 Combermere Drive North York
189 639 Conacher Drive North York
190 38 Cummer Avenue North York
191 39 Deauville Lane North York
192 Don Mills Centre MS, North York
Pt Blk A, Plan 4545
193 907 Don Mills Road North York
194 223 Elmhurst Avenue North York
195 635 Fenmar Drive North York
196 175 Goddard Street North York
197 169 Goulding Avenue North York
198 29 Heathrow Drive North York
199 65 Hobson Avenue North York
200 1950 Islington Avenue North York
201 4206 Jane Street North York
202 Jonesville Rd Allowance, North York
Part 1, Plan 64R-11703
204 802 Lawrence Avenue East North York
205 1857 Leslie Street North York
206 5733 Leslie Street North York
207 1 Lochinvar Street North York
208 4 Milvan Drive North York
209 58 Northdale Road North York
210 22 Norton Avenue North York
211 2756 Old Leslie Street North York
212 105 Orfus Road North York
213 85 Pemberton Avenue, North York
Lots 125,126 Plan 2233
214 12 Rivalda Road North York
215 522 (520) Rustic Road North York
216 1508 Sentinel Road North York
217 144 (148) Shelborne Avenue North York
218 1629 Sheppard Avenue West North York
219 Sheppard Avenue West North York
Pt Lot 16, Conc 3, W/Yonge
220 1 Signet Drive North York
221 180 (184) Sloane Avenue North York
222 40 & 50 Toryork Drive North York
223 282 Upper Highland Crescent North York
224 11 Victory Drive North York
225 77 Whitbread Crescent North York
226 186 Willowdale Avenue North York
227 228 Wilson Avenue North York
228 1304 Wilson Avenue North York
229 405 Woburn Avenue North York
230 1 Wyvern Road North York
231 4044 Yonge Street North York
232 5800 Yonge Street North York
233 1255 York Mills North York
234 331 York Mills Road North York
235 150 August Avenue Scarborough
236 25 Bellamy Road North Scarborough
237 119 Bellamy Road North Scarborough
238 510 Bellamy Road Scarborough
239 694 Birchmount Road Scarborough
240 1047 Birchmount Road Scarborough
241 54 Brian Avenue Scarborough
242 90 Brimley Road Scarborough
243 96 Brimley Road Scarborough
244 531 Brimley Road Scarborough
245 657 Brimley Road Scarborough
246 816 Brimley Road Scarborough
247 1221 Brimley Road Scarborough
248 1994 Brimley Road Scarborough
249 3 Bernadine Street Scarborough
250 2 Canadian Road Scarborough
251 29 Canadian Road Scarborough
252 110 Canadian Road Scarborough
253 Canadine Road SS, Pt Lot 1, Plan 3711 Scarborough
254 Cavehill Crescent, Blk B, Plan 5317 Scarborough
255 191 Centennial Road Scarborough
256 61 Civic Road Scarborough
257 Clonmore Drive MS, Lot 9-11, Plan 1756 Scarborough
258 57 Comstock Road Scarborough
259 590 Coronation Drive Scarborough
260 39 Craighton Drive Scarborough
261 243 East Avenue Scarborough
262 47 Elinor Avenue Scarborough
263 159 Ellesmere Road Scarborough
264 867 Ellesmere Road Scarborough
265 156 Fallingbrook Road Scarborough
266 3200 Finch Avenue East Scarborough
267 37 (51) Galloway Road Scarborough
268 30 Greencedar Circuit Scarborough
269 104 Hollis Avenue Scarborough
270 754 (750) Huntingwood Drive Scarborough
271 750 Kennedy Road Scarborough
272 3065 Kingston Road Scarborough
273 3077 Kingston Road Scarborough
274 3359 Kingston Road Scarborough
275 3375 (3365) Kingston Road Scarborough
276 4446 Kingston Road Scarborough
277 2355 Lawrence Ave. E. Scarborough
278 3782 (3780) Lawrence Ave. E. Scarborough
279 74 Livingston Road Scarborough
280 2505 Livingston Road Scarborough
281 10 Lupin Dr. Scarborough
282 46 Malamute Crescent Scarborough
283 212 Markham Road Scarborough
284 940 Markham Road Scarborough
285 705 McCowan Rd. Scarborough
286 486 Midland Avenue Scarborough
287 676 Midland Avenue Scarborough
288 1365 Midland Avenue Scarborough
289 2753 Midland Avenue Scarborough
290 720 Military Trail Scarborough
291 105 Millikin Blvd Scarborough
292 160 Morningside Avenue Scarborough
293 351 Morrish Road Scarborough
294 83 North Bonnington Avenue Scarborough
295 150 Orton Park Road Scarborough
296 300 Palmdale Drive Scarborough
297 Pharmacy Avenue, Pt Lot 4, Plan 1079 Scarborough
298 895 Progress Avenue Scarborough
299 22 Rosscowan Street Scarborough
300 4 Saunders Road Scarborough
301 1000 Scarboro Golf Club Road Scarborough
302 3762 Sheppard Avenue East Scarborough
303 Sinnott Road, Pt Lot 3, Plan 3759 Scarborough
304 3135 St. Clair Ave. E. Scarborough
305 52 (50) Sunderland Crescent Scarborough
306 60 Tiffield Road Scarborough
307 7 Trestleside Grove Scarborough
308 28 Underwriters Road Scarborough
309 46 Wexford Blvd Scarborough
310 Blk F, Plan 7725 Scarborough
311 Part Lot 28, Conc 4 Scarborough
312 Lot 415, Plan 2050 Scarborough
313 Pt Lots 45,46,47 Plan 319 Scarborough
314 327 Cedarvale Avenue East York
315 258 Cosburn Avenue East York
316 465A Cosburn Avenue East York
317 171 Dawes Road East York
318 30 Fairside Avenue East York
319 10 Gamble Avenue East York
320 Pottery Road SS, Pt Lot 13, 14 Con 2 East York
321 410 Gilbert Avenue York
322 Roselawn Avenue at Dansbury Avenue, Part York
of Dansbury Avenue, Plan 1775


SCHEDULE D

RESERVES





Development Charges Fund The funds received are for specific growth related capital works to be undertaken.



Reserve Deposits Represents amounts received from third parties which are restricted as to use for specific purposes.



Construction Deposit Collateral Funds Advance deposits received from contractors



SCHEDULE E



EXCLUDED ASSETS



A. Real Property Interests


ADDRESS LOCATION TYPE DATE

AVAILABLE

ASSESSMENT

VALUE

14/18 Dyas Road North York Office/Service October 2001 $1,909,300
1530 Markham Road Scarborough Office October 2001 $5,402,000
2 Civic Centre Court Etobicoke Office April 2000 $3,531,725
2 Bicknell Avenue York Service 1999 $301,000
700 Huron Toronto Service 1998 $5,021,000
200 Madison Avenue Toronto Service 1998 $433,000
15 Rotherham Avenue York Service July 1999 $826,000
1652 Keele Street York Office April 1999 $1,148,000
175 Memorial Park Avenue East York Office April 1999 $1,053,000
3 Dohme Avenue East York Service October 1999 $588,000
325 Chaplin Crescent Toronto Service October 1999 $609,000
118A & 120 Pearl Street Toronto Lease -TDHC July 1999 $1,723,000
8270 Sheppared Avenue E. Scarborough Lease -Yard September 2000 $1,022,422
2756 Old Leslie Street North York Yard/Building April 2000 202,000
TOTAL $23,769,447





B. Other



Cash in the amount of one hundred million dollars (Cdn $100,000,000.00).



Plus interest payable from July 1, 1999 through December 31, 1999 on the outstanding debentures of $76,386,000 issued by City for the benefit of Toronto Hydro.





To be adjusted to July 1, 1999

SCHEDULE F



EXCLUDED LIABILITIES





Long Term Debt (Net of sinking funds) incurred by the City of Toronto on

behalf of the Toronto Hydro-Electric Commission.



As at December 31, 1998:



Sinking fund debenture, due July 6, 1999

(stated rate 10.13%, effective 10.37%) $830,000



Sinking fund debenture, due November 30, 1999

(stated rate 10.00%, effective rate 10.23%) $1,134,000



Instalment debenture, due June 8, 2005

(effective rate 8.17%) $25,933,000



Sinking fund debenture, due June 28, 2006

(stated rate 7.85%, effective rate 7.96%) $25,241,000



Sinking fund debenture, due August 15, 2007




Total amount $76,386,000


SCHEDULE G

ALLOCATION OF CONSIDERATION

Toronto Hydro-Electric Systems Limited
As at December 31, 1998 In $thousands
ASSETS
Current assets
Cash and investments $ 81,870
Accounts receivable 129,204
Unbilled revenue 115,860
Inventories 34,567
Other current assets 1,915
363,416
Fixed assets 1,477,118
Other assets
Deferred charges 20,670
Development charges 2,817
Other assets 5,449
28,936
Total Assets $ 1,869,470
Less: Assumed Liabilities
Current Liabilities
Due to Ontario Hydro $ 145,907
Accounts payable and accruals 68,025
Current portion of long-term liabilities 11,508
Provision for vacation pay 5,654
231,094
Long-term liabilities
Customers' advance deposits 21,455
Other deposits 4,651
Accumulated sick leave credits 13,859
Voluntary exit incentive retirement supplement 7,724
Workers' compensation benefits 5,150
Development charges fund 2,817
Provision for environmental costs 3,676
59,332
Net Transfer $ 1,579,044
Consideration:
Promissory Note 947,426
Equity 631,618
$ 1,579,044
Toronto Hydro Energy Services Inc.
As at December 31, 1998 In $ thousands
ASSETS
Current assets
Cash and investments $ 40,000
Total Assets $ 40,000
Assumed Liabilities nil
Net Transfer $ 40,000
Consideration:
Equity 40,000
$ 40,000


To be adjusted to July 1, 1999.

 

   
Please note that council and committee documents are provided electronically for information only and do not retain the exact structure of the original versions. For example, charts, images and tables may be difficult to read. As such, readers should verify information before acting on it. All council documents are available from the City Clerk's office. Please e-mail clerk@toronto.ca.

 

City maps | Get involved | Toronto links
© City of Toronto 1998-2005