Proposed Sale of Surplus City-owned Public Lane Known as Brigden Place

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The decision

2020-11-25 · Toronto City Council · amended

As filed

City Council on November 25 and 26, 2020, adopted the following: 1. City Council authorize the City of Toronto (the "City") to accept the offer to purchase from Richmond GP INC., as general partner for and on behalf of, Richmond Residential Limited Partnership, for the sale of the public lane known as Brigden Place, in the amount of $12,039,000, plus Harmonized Sales Tax and other applicable taxes and fees, substantially on the terms set out in Appendix B to the report (October 19, 2020) from the Executive Director, Corporate Real Estate Management and on such further and amended terms as may be acceptable to the Executive Director, Corporate Real Estate Management, and in a form satisfactory to the City Solicitor.

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2. City Council direct proceeds of sale in the amount of $12,039,000 (exclusive of Harmonized Sales Tax and other applicable taxes), less portion of the proceeds of closing directed to fund the outstanding expenses related to the completion of the sale transaction and closing costs and usual adjustments, be contributed to the Land Acquisition Reserve Fund (XR1012). 3. City Council authorize the General Manager, Transportation Services to give notice to the public of a proposed By-law to permanently close the public lane known as Brigden Place in accordance with the requirements of the City of Toronto Municipal Code, Chapter 162, with the Toronto and East York Community Council to hear any member of the public who wishes to speak to the matter during consideration of the proposed By-law. 4. City Council authorize the General Manager, Transportation Services to advise the public of the proposed closure of the Lane prior to implementation, in accordance with the requirements of the Municipal Class Environmental Assessment for Schedule A+ activities, by posting notice of the proposed closure on the notices page of the City's Website for at least five working days prior to the Toronto and East York Community Council meeting at which the proposed By-law to close the Lane will be considered. 5. City Council authorize and direct the appropriate City Officials to take the necessary action to give effect to City Council's decision.

On the agenda

As the city filed it

This report requests City Council authority to accept the offer to purchase from Richmond GP INC., as general partner for and on behalf of, Richmond Residential Limited Partnership (the "Developer") for the proposed sale of the public lane known as Brigden Place, located east of Ontario Street and south of Queen Street East, as shown in Appendix A. This proposed sale facilitates a development project that borders Queen Street East, Ontario Street, Richmond Street East and McFarrens Lane.

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The report also seeks authority to provide public notice regarding a proposed by-law to permanently close Brigden Place (the "Lane") in accordance with the requirements of the City of Toronto Municipal Code, Chapter 162, and Municipal Class Environmental Assessment for Schedule A+, as requirements for the process to permanently close the Lane. On October 10, 2019, the Lane was declared surplus by way of Delegated Approval Form Number 2019-252, conditional on City Council approving the permanent closure of the Lane, with the intended manner of disposal to be by way of inviting an offer to purchase the Lane from the Developer.

Staff recommended

The Executive Director, Corporate Real Estate Management, recommends that: 1. City Council authorize the City of Toronto (the "City") to accept the offer to purchase from Richmond GP INC., as general partner for and on behalf of, Richmond Residential Limited Partnership, for the sale of the public lane known as Brigden Place, in the amount of $12,039,000, plus Harmonized Sales Tax and other applicable taxes and fees, substantially on the terms set out in Appendix B and on such further and amended terms as may be acceptable to the Executive Director, Corporate Real Estate Management, and in a form satisfactory to the City Solicitor.

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2. City Council direct proceeds of sale in the amount of $12,039,000 (exclusive of Harmonized Sales Tax and other applicable taxes), less portion of the proceeds of closing directed to fund the outstanding expenses related to the completion of the sale transaction and closing costs and usual adjustments, be contributed to the Land Acquisition Reserve Fund (XR1012). 3. City Council authorize the General Manager, Transportation Services, to give notice to the public of a proposed by-law to permanently close the public lane known as Brigden Place in accordance with the requirements of the City of Toronto Municipal Code, Chapter 162, with the Toronto and East York Community Council to hear any member of the public who wishes to speak to the matter during consideration of the proposed by-law. 4. City Council authorize the General Manager, Transportation Services, to advise the public of the proposed closure of the Lane prior to implementation, in accordance with the requirements of the Municipal Class Environmental Assessment for Schedule A+ activities, by posting notice of the proposed closure on the notices page of the City's Website for at least five working days prior to the Toronto and East York Community Council meeting at which the proposed by-law to close the Lane will be considered. 5. City Council authorize and direct the appropriate City Officials to take the necessary action to give effect to the foregoing recommendations.

Considered

2020-11-02 · General Government and Licensing Committee · forwarded without recommendation
Decision as filed
The General Government and Licensing Committee submits this item without recommendation.
Clerk’s note
The General Government and Licensing Committee recessed its public session to meet in closed session to consider this Item as it pertains to the security of the property of the municipality or local board.
2020-11-25 · Toronto City Council · amended

On the record

The item as the City filed it

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