The filed record
640 Lansdowne Avenue - Directing Lease or Rental Revenue to Support Affordable Housing - by Councillor Ana Bailão, seconded by Councillor Gary Crawford
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The decision
2019-06-18 · Toronto City Council · adopted
As filed
City Council on June 18 and 19, 2019, adopted the following: 1. City Council direct that any lease or rental revenue payable with respect to the site at 640 Lansdowne Avenue, be directed to the City's Affordable Housing Office and the City's Parks, Forestry and Recreation Division for the exclusive use of supporting the creation, development and maintenance of affordable housing uses on this site and to fund costs associated with the creation and construction of a local park.
On the agenda
As the city filed it
640 Lansdowne Avenue is a 3.98 acre vacant property that has been declared surplus. Following a process undertaken by CreateTO and the City's Affordable Housing Office, City Council at it's meeting on March 27 and 28, 2019 authorized the City to accept a Letter of Intent from Magellan Community Charities and to enter into a lease for affordable housing and long-term care uses on the designated mixed use portion 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.
Show the rest of As the city filed it, 409 more characters as filed
The City will manage the leases. The site is to be under a temporary licence to Metrolinx from June 1, 2019 until December 31, 2023. It has been determined that the various components to the undertakings on this site are compatible in terms of moving forward simultaneously including the affordable housing initiative with Magellan Community Charities, the parks component and the Metrolinx temporary licence.
Staff recommended
Councillor Ana Bailão, seconded by Councillor Gary Crawford: 1. City Council direct that any lease or rental revenue payable with respect to the site at 640 Lansdowne Avenue, be directed to the City's Affordable Housing Office and the City's Parks, Forestry and Recreation Division for the exclusive use of supporting the creation, development and maintenance of affordable housing uses on this site and to fund costs associated with the creation and construction of a local park.
On the record
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