Easement for Enwave Energy Corporation on Future Parkland at 55 Lake Shore Boulevard East

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The decision

2019-11-26 · Toronto City Council · adopted

As filed

City Council on November 26 and 27, 2019, adopted the following: 1. City Council authorize the acceptance of the future parkland located at 55 Lake Shore Boulevard East encumbered by a permanent Easement ("Easement") in favour of Enwave Energy Corporation ("Enwave") to accommodate below-grade district energy infrastructure, in accordance with Chapter 3.2.3 (Parks and Open Spaces), Policy 8.a) of the City of Toronto's Official Plan.

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2. City Council authorize the Executive Director, Corporate Real Estate Management, to enter into an Easement Agreement with respect to the Easement (the "Agreement") referenced in Part 1 above, substantially on the terms outlined in Appendix A to the report (October 22, 2019) from the General Manager, Parks, Forestry and Recreation, and the Executive Director, Corporate Real Estate Management, and on such other additional or amended terms and conditions and such related documents as may be acceptable to the Executive Director, Corporate Real Estate Management, and in a form satisfactory to the City Solicitor. 3. City Council authorize the Executive Director, Corporate Real Estate Management, and/or the Director, Real Estate Services, to execute the Easement Agreement referenced in Part 2 above on behalf of the City of Toronto. 4. City Council authorize the future Easement purchase price in the amount of $1,609,881.40 from Enwave Energy Corporation as a result of the Easement Agreement referenced in Part 2 above to be deposited to a Parks, Forestry and Recreation deferred revenue account for future capital submissions to develop the park site.

On the agenda

As the city filed it

This report seeks authority to accept future parkland located at 55 Lake Shore Boulevard East subject to an Easement in favour of Enwave Energy Corporation and to enter into an Easement Agreement with respect to the same.

Staff recommended

The General Manager, Parks, Forestry and Recreation, and the Executive Director, Corporate Real Estate Management recommend that: 1. City Council authorize the acceptance of the future parkland located at 55 Lake Shore Boulevard East encumbered by a permanent Easement ("Easement") in favour of Enwave Energy Corporation ("Enwave") to accommodate below-grade district energy infrastructure, in accordance with Chapter 3.2.3 (Parks and Open Spaces), Policy 8.a) of the City of Toronto's Official Plan.

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2. City Council authorize the Executive Director, Corporate Real Estate Management, to enter into an Easement Agreement with respect to the Easement (the "Agreement") referenced in Recommendation 1, substantially on the terms outlined in Appendix A and on such other additional or amended terms and conditions and such related documents as may be acceptable to the Executive Director, Corporate Real Estate Management, and in a form satisfactory to the City Solicitor. 3. City Council authorize the Executive Director, Corporate Real Estate Management, and/or the Director, Real Estate Services, to execute the Easement Agreement referenced in Recommendation 2 on behalf of the City of Toronto. 4. City Council authorize the future Easement purchase price in the amount of $1,609,881.40 from Enwave Energy Corporation as a result of the Easement Agreement referenced in Recommendation 2 to be deposited to a Parks, Forestry and Recreation deferred revenue account for future capital submissions to develop the park site.

Considered

2019-11-18 · General Government and Licensing Committee · adopted
Decision as filed
The General Government and Licensing Committee recommends that: 1. City Council authorize the acceptance of the future parkland located at 55 Lake Shore Boulevard East encumbered by a permanent Easement ("Easement") in favour of Enwave Energy Corporation ("Enwave") to accommodate below-grade district energy infrastructure, in accordance with Chapter 3.2.3 (Parks and Open Spaces), Policy 8.a) of the City of Toronto's Official Plan.
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2. City Council authorize the Executive Director, Corporate Real Estate Management, to enter into an Easement Agreement with respect to the Easement (the "Agreement") referenced in Recommendation 1, substantially on the terms outlined in Appendix A to the report (October 22, 2019) from the General Manager, Parks, Forestry and Recreation, and the Executive Director, Corporate Real Estate Management, and on such other additional or amended terms and conditions and such related documents as may be acceptable to the Executive Director, Corporate Real Estate Management, and in a form satisfactory to the City Solicitor. 3. City Council authorize the Executive Director, Corporate Real Estate Management, and/or the Director, Real Estate Services, to execute the Easement Agreement referenced in Recommendation 2 on behalf of the City of Toronto. 4. City Council authorize the future Easement purchase price in the amount of $1,609,881.40 from Enwave Energy Corporation as a result of the Easement Agreement referenced in Recommendation 2 to be deposited to a Parks, Forestry and Recreation deferred revenue account for future capital submissions to develop the park site.
2019-11-26 · Toronto City Council · adopted

On the record

The item as the City filed it

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