City of Toronto Logo Decision Letter

 

Budget Committee

Meeting No. 44   Contact Kelly McCarthy, Committee Administrator
Meeting Date Wednesday, October 2, 2013
   Phone 416-392-4666
Start Time 9:30 AM
   E-mail buc@toronto.ca
Location Committee Room 1, City Hall
  Chair   Councillor Frank Di Giorgio  

BU44.3 

ACTION

Adopted 

 

Ward:14 
Acquisition of 248-250 Dufferin Street for Parkland
Confidential Attachment - A proposed or pending acquisition or sale of land for municipal or local board purposes
Committee Decision

The Budget Committee recommends to the Executive Committee that:

 

1.         City Council amend the 2013 Capital Budget of Parks, Forestry and Recreation by the addition of a project "248-250 Dufferin Street Parkland Acquisition" for the amount and funding source contained in Confidential Attachment 1 of the report (August 21, 2013) from the Chief Corporate Officer and the General Manager, Parks, Forestry and Recreation.

 

2.         City Council direct that the Chief Corporate Officer and the Director of Real Estate Services, be severally authorized to execute the Offer to Sell on behalf of the City.

 

3.         City Council authorize the City Solicitor to complete the transaction contemplated in the Offer to Sell on behalf of the City, including paying any necessary expenses, amending the closing, due diligence and other dates, and amending and waiving terms and conditions, on such terms as she considers reasonable.

 

4.         City Council authorize the public release of the confidential information and recommendations contained in Confidential Attachment 1 to the report (August 21, 2013) from the Chief Corporate Officer and the General Manager, Parks, Forestry and Recreation, once the transaction contemplated herein has closed.

 

5.         City Council authorize and direct the appropriate City Officials to take the necessary action to give effect thereto.
Decision Advice and Other Information

The Budget Committee recessed its public session to meet in closed session to consider this item as it relates to a proposed or pending acquisition or sale of land for municipal or local board purposes.
Origin
(September 9, 2013) Letter from the Government Management Committee
Summary

The purpose of this report is to obtain authority to acquire the property known as 248-250 Dufferin Street, consisting of approximately 2,233 square meters or 0.552 acres, (the "Property") from the Salvation Army for the purpose of expanding Dufferin King Park.
Background Information
(September 9, 2013) Letter from the Government Management on Acquisition of 248-250 Dufferin Street for Parkland
(http://www.toronto.ca/legdocs/mmis/2013/bu/bgrd/backgroundfile-61749.htm)
(August 21, 2013) Report from the Chief Corporate Officer and the General Manager, Parks, Forestry and Recreation, on Acquisition of 248-250 Dufferin Street for Parkland
(http://www.toronto.ca/legdocs/mmis/2013/bu/bgrd/backgroundfile-61748.pdf)
(August 21, 2013) Confidential Attachment 1, with Appendices A, B, and C - Acquisition of 248 - 250 Dufferin Street for Parkland