Creating New Affordable Rental Homes and Long-Term Care for Seniors at 640 Lansdowne Avenue

Considered

• 2019-03-21 · Executive Committee · adopted

  Decision as filed

  The Executive Committee recommends that: 1. City Council authorize the City to accept the Letter of Intent from Magellan Community Charities and to enter into a lease (the "Lease") for the portion of 640 Lansdowne Avenue (being Parts 1, 2 and 4 in Appendix A to the report (March 12, 2019) from the Deputy City Manager, Community and Social Services and the Deputy City Manager, Corporate Services) substantially on the terms and conditions outlined in Appendix B to the report (March 12, 2019) from the Deputy City Manager, Community and Social Services and the Deputy City Manager, Corporate Services, and on such other or amended terms and conditions acceptable to the Deputy City Manager, Corporate Services, or designate, and in a form satisfactory to the City Solicitor.

  Show the rest of Decision as filed, 5,490 more characters as filed

  2. Council authorize the Deputy City Manager, Corporate Services to approve the lease, transfer or other form of property transaction with respect to the balance of the 640 Lansdowne Avenue site (being Part 3 on Appendix A to the report (March 12, 2019) from the Deputy City Manager, Community and Social Services and the Deputy City Manager, Corporate Services), on terms and conditions satisfactory to the Deputy City Manager, Corporate Services, in consultation with the local Councillor, and to engage in discussions with Magellan to identify opportunities for it to participate in the development of the remainder of the site, provided that Magellan Community Charities presents a proposal that is complementary to the affordable housing and long-term care uses on the designated Mixed Use portion of the site, and meets the development objectives articulated by the community. 3. City Council authorize the City to enter into such ancillary agreements with Magellan Community Charities, for nominal consideration, as may be necessary to enable construction on Parts 1, 2 and 4 (see Appendix A to the report (March 12, 2019) from the Deputy City Manager, Community and Social Services and the Deputy City Manager, Corporate Services) (such as a tie-back or crane swing agreement) on such terms as may be acceptable to the Deputy City Manager, Corporate Services, or designate and in a form satisfactory to the City Solicitor. 4. City Council authorize the Deputy City Manager, Corporate Services, or designate, to administer and manage the Lease, including the provision of any amendments, assignments, consents, approvals, waivers, notices and notices of termination, provided that the Deputy City Manager, Corporate Services may, at any time, refer consideration of such matters (including their content) to City Council for its determination and direction. 5. City Council consider the Lease to be in the interests of the City. 6. City Council authorize the Director, Affordable Housing Office, to offer the Open Door incentives for the affordable rental housing component of the development for up to 65 homes to be developed at 640 Lansdowne Avenue. 7. City Council authorize an exemption from taxation for municipal and school purposes for up to 65 affordable rental housing units to be developed at 640 Lansdowne Avenue for the term of the municipal capital facility agreement, being 99 years. 8. City Council authorize that the affordable rental housing component of the development be exempt from the payment of development charges and that all planning, building permit and parkland dedication fees be waived. 9. City Council authorize the Director, Affordable Housing Office, to negotiate and execute, on behalf of the City, a municipal housing facility agreement (the City's "Contribution Agreement") with Magellan Community Housing, or such other corporation related to Magellan Community Housing, formed to operate the affordable rental housing, to secure the financial assistance, being provided and to set out the terms of the development and operation of the up to 65 new affordable rental homes on terms and conditions satisfactory to the Director, Affordable Housing Office and in a form satisfactory to the City Solicitor. 10. City Council authorize severally each of the Director, Affordable Housing Office and the General Manager, Shelter, Support and Housing Administration to execute, on behalf of the City, any security or financing documents required by Magellan Community Housing or its related not for profit corporation operating the affordable housing units to secure construction and conventional financing and subsequent refinancing, including any postponement, tripartite, confirmation of status, discharge or consent documents where and when required during the term of the municipal housing facility agreement, as required by normal business practices, and provided that such documents do not give rise to financial obligations on the part of the City that have not been previously approved by Council. 11. City Council authorize severally each of the Director, Affordable Housing Office and the General Manager, Shelter, Support and Housing Administration to provide any consent necessary, pursuant to the Contribution Agreement to assign the Contribution Agreement and to negotiate and enter into any agreements or other documents required to effect such assignment on terms and conditions satisfactory to them and in a form satisfactory to the City Solicitor. 12. City Council request the Director, Affordable Housing Office to support Magellan Community Housing or a related corporation's request for funding, from the National Housing Co-Investment Fund, including confirming availability of City incentives, as well as liaising with Canada Mortgage and Housing Corporation to facilitate the approval of funding for the new affordable housing project proposed at the site. 13. City Council authorize the Director, Affordable Housing Office to designate the affordable rental component of the property as alternative housing for the purpose of allowing all or part of the property relief from normal parking standards. 14. City Council authorize the Director, Affordable Housing Office and any other member of staff of whom it is requested, to enter into a non-disclosure or similar agreement with the Province of Ontario or federal government to allow information with respect to the project at 640 Lansdowne Avenue to be provided to City staff.

• 2019-03-27 · Toronto City Council · adopted