Authorizing the Termination and Discharge of Social Housing Agreement for 223 Osler Street

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The decision

2020-10-27 · Toronto City Council · adopted

As filed

City Council on October 27, 28 and 30, 2020, adopted the following: 1. City Council consent to the termination of the Social Housing Agreement dated January 28, 1991 between the City and Mainstay Housing and discharge of the registration of the Social Housing Agreement against title to 223 Osler Street. 2. City Council authorize the General Manager, Shelter, Support and Housing Administration to execute and deliver such

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agreements, notices and consents required to accomplish Part 1 above on terms and conditions satisfactory to the General Manager, Shelter, Support and Housing Administration and in a form satisfactory to the City Solicitor.

On the agenda

As the city filed it

The City of Toronto and Mainstay Housing ("Mainstay"), a non-profit housing organization, entered into a social housing agreement in 1991 as a condition of a Committee of Adjustment decision for a variance requested for the construction of a three-storey, 13-unit building at 223 Osler Street. The agreement is governed under section 453.1 of the City of Toronto Act, 2006, which requires that any disposal of property requires the consent of Toronto City Council.

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Mainstay wishes to sell the property, due to the extraordinary cost of remediating structural deterioration in the building, and apply the proceeds of the sale to Mainstay's Development Fund. This Fund is used to support the acquisition and development of new properties for mixed income rental housing, including affordable units for individuals experiencing homelessness. On November 5, 2019, the Ministry of Health, Mainstay's primary funder, consented to the sale. The social housing agreement with the City is registered on title and prevents Mainstay from proceeding with plans to sell the property and invest the proceeds in future acquisition and development of new rental housing. As such, on May 28, 2020, Mainstay requested the termination and discharge of the social housing agreement for 223 Osler Street. This report recommends City Council consent to the termination of the social housing agreement with Mainstay Housing and the discharge of its registration against title to 223 Osler Street.

Staff recommended

The General Manager, Shelter, Support and Housing Administration, recommends that: 1. City Council consent to the termination of the social housing agreement dated January 28, 1991 between the City and Mainstay Housing and discharge of the registration of the social housing agreement against title to 223 Osler Street; and 2. City Council authorize the General Manager, Shelter, Support and Housing Administration, to execute

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and deliver such agreements, notices and consents required to accomplish the foregoing recommendation on terms and conditions satisfactory to the General Manager and in a form satisfactory to the City Solicitor.

Considered

2020-10-20 · Planning and Housing Committee · adopted
Decision as filed
The Planning and Housing Committee recommends that: 1. City Council consent to the termination of the social housing agreement dated January 28, 1991 between the City and Mainstay Housing and discharge of the registration of the social housing agreement against title to 223 Osler Street; and 2. City Council authorize the General Manager, Shelter, Support and Housing Administration, to execute and deliver such agreements,
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notices and consents required to accomplish the foregoing recommendation on terms and conditions satisfactory to the General Manager and in a form satisfactory to the City Solicitor.
2020-10-27 · Toronto City Council · adopted

On the record

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