Below Market Sublease Agreement with The Neighbourhood Group Community Services for Child Care Centre Programs - 30 Sheppard Avenue East

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The decision

2020-09-30 · Toronto City Council · adopted

As filed

City Council on September 30, October 1 and 2, 2020, adopted the following: 1. City Council authorize a new sublease agreement with The Neighbourhood Group Community Services for a term of five (5) years with an option to renew for a further five (5) years for nominal consideration, substantially based on the terms set out in Appendix A to the report (August 28, 2020) from the Executive Director, Corporate Real Estate Management and the General Manager, Children's Services, and on such other or amended terms and conditions acceptable to the Executive Director, Corporate Real Estate Management.

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2. City Council authorize the City Solicitor to complete all relevant agreements, and all documentation as required, and to deliver any notices, and amend the respective commencement, termination and other dates to such earlier or later date(s), on such terms and conditions, as the City Solicitor, or its designate, may from time to time, determine. 3. City Council authorize the Executive Director, Corporate Real Estate Management to execute such documents required to complete the relevant sublease agreements.

On the agenda

As the city filed it

The purpose of this report is to obtain City Council authority to enter into a new sublease agreement with The Neighbourhood Group Community Services for a five (5) year term for approximately 6,448 square feet of interior space and approximately 3,197 square feet of outdoor play area for Child Care Centre programs, on the second floor of the building located at 30 Sheppard Avenue East, for nominal consideration.

Staff recommended

The Executive Director, Corporate Real Estate Management and General Manager, Children's Services, recommend that: 1. City Council authorize a new sublease agreement with The Neighbourhood Group Community Services for a term of five (5) years with an option to renew for a further five (5) years for nominal consideration, substantially based on the terms set out in Appendix A, and on such other or amended terms and conditions acceptable to the Executive Director, Corporate Real Estate Management.

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Considered

2020-09-14 · General Government and Licensing Committee · adopted
Decision as filed
The General Government and Licensing Committee recommends that: 1. City Council authorize a new sublease agreement with The Neighbourhood Group Community Services for a term of five (5) years with an option to renew for a further five (5) years for nominal consideration, substantially based on the terms set out in Appendix A, and on such other or amended terms and conditions acceptable to the Executive Director, Corporate Real Estate Management.
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2. City Council authorize the City Solicitor to complete all relevant agreements, and all documentation as required, and to deliver any notices, and amend the respective commencement, termination and other dates to such earlier or later date(s), on such terms and conditions, as the City Solicitor, or its designate, may from time to time, determine. 3. City Council authorize the Executive Director, Corporate Real Estate Management to execute such documents required to complete the relevant sublease agreements.
2020-09-30 · Toronto City Council · adopted

On the record

The item as the City filed it

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