30 Adelaide Street East - Designation of a Portion of the Property Used by Toronto Court Services as a Municipal Capital Facility

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2020-06-29 · Toronto City Council · adopted

As filed

City Council on June 29 and 30, 2020, adopted the following: 1. City Council pass a By-law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement with the Head Landlord, 30 Adelaide Street East Limited Partnership ("Dream") and the Sublandlord, State Street Trust Company Canada, which leases approximately 24,370 square feet of space on the 7th floor at 30 Adelaide Street East (the Subleased Premises) to the City of Toronto, used for the general administration of the City; and b.

Show the rest of As filed, 604 more characters as filed

exempt the Subleased Premises from taxation for municipal and school purposes, with the tax exemption being effective from the latest of: 1. the commencement date of the Lease; 2. the date the Municipal Capital Facility Agreement is entered into; and 3. the date the Tax Exemption By-law is enacted. 2. City Council direct the City Clerk to give written notice of the By-law to the Minister of Finance, the Municipal Property Assessment Corporation, the Toronto District School Board, the Toronto Catholic District School Board, le Conseil scolaire Viamonde, and le Conseil scolaire catholique MonAvenir.

On the agenda

As the city filed it

This report seeks Council's authority for the adoption of the necessary by-law to designate a portion of the property owned by 30 Adelaide Street East Limited Partnership, leased to State Street Trust Company Canada and subleased to Toronto Court Services, as a Municipal Capital Facility, and to provide an exemption for municipal taxes and education taxes. The Municipal Capital Facility agreement authorized by the by-law will provide an exemption for approximately 24,370 square feet of interior space, which is the entire 7th floor of 30 Adelaide Street East subleased to Toronto Court Services.

Show the rest of As the city filed it, 233 more characters as filed

The privately-owned space at 30 Adelaide Street East was selected as a temporary office space location for Toronto Court Services staff until the required work is completed for relocation to a city-owned property, scheduled for 2022.

Staff recommended

The Controller recommends that: 1. City Council pass a By-law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement with the Head Landlord, 30 Adelaide Street East Limited Partnership ("Dream") and the Sublandlord, State Street Trust Company Canada, which leases approximately 24,370 square feet of space on the 7th floor at 30 Adelaide Street East (the "Subleased Premises") to the City of Toronto, used for the general administration of the City; and b.

Show the rest of Staff recommended, 607 more characters as filed

exempt the Subleased Premises from taxation for municipal and school purposes, with the tax exemption being effective from the latest of: (1) the commencement date of the Lease, (2) the date the Municipal Capital Facility Agreement is entered into, and (3) the date the Tax Exemption by-law is enacted. 2. City Council direct the City Clerk to give written notice of the by-law to the Minister of Finance, the Municipal Property Assessment Corporation, the Toronto District School Board, the Toronto Catholic District School Board, le Conseil scolaire Viamonde, and le Conseil scolaire catholique MonAvenir.

Considered

2020-03-09 · General Government and Licensing Committee · adopted
Decision as filed
The General Government and Licensing Committee recommends that: 1. City Council pass a By-law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement with the Head Landlord, 30 Adelaide Street East Limited Partnership ("Dream") and the Sublandlord, State Street Trust Company Canada, which leases approximately 24,370 square feet of space on the 7th floor at 30 Adelaide Street East (the Subleased Premises) to the City of Toronto, used for the general administration of the City; and b.
Show the rest of Decision as filed, 604 more characters as filed
exempt the Subleased Premises from taxation for municipal and school purposes, with the tax exemption being effective from the latest of: 1. the commencement date of the Lease; 2. the date the Municipal Capital Facility Agreement is entered into; and 3. the date the Tax Exemption by-law is enacted. 2. City Council direct the City Clerk to give written notice of the by-law to the Minister of Finance, the Municipal Property Assessment Corporation, the Toronto District School Board, the Toronto Catholic District School Board, le Conseil scolaire Viamonde, and le Conseil scolaire catholique MonAvenir.
2020-06-29 · Toronto City Council · adopted

On the record

The item as the City filed it

More from this meeting

The whole meeting