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←Toronto Parking Authority · 2021-04-06 · 2021.PA22.11

The filed record

Litigation Update Regarding Option to Purchase Retail Component of Development at 935 Eglinton Avenue West (Municipal Car Park 655)

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The decision

2021-04-06 · Toronto Parking Authority · amended

As filed

The Board of Directors of Toronto Parking Authority: 1. Adopted the confidential instructions to staff in Confidential Attachment 1 to the report (March 19, 2021) from the President, Toronto Parking Authority, as amended by the Board in closed session. 2. Authorized the public release of the confidential instructions to staff contained in Confidential Attachment 1 to the report (March 19, 2021) from the President, Toronto Parking Authority, as amended, at the discretion of the City Solicitor.

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3. Directed that the balance of the confidential information contained in Confidential Attachment 1 to the report (March 19, 2021) from the President, Toronto Parking Authority remain confidential in its entirety, as it contains advice that is subject to solicitor-client privilege.

The vote

Adopt Item as Amended · Carried, 4-0

For (1)Brad Bradford
Absent (1)Mike Layton
The whole record, all 2 members

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On the agenda

As the city filed it

This is a report on the status of the legal action commenced by Toronto Parking Authority on January 17, 2019 against BSaR (Eglinton) Ltd. and BSaR (Eglinton) LP (both together referred to as BSaR), and BSaR's principals, Tarek Sobhi, and Tyler Hershberg. In the legal action, Toronto Parking Authority is claiming damages in the amount of $7.0 million for breach of contract related to an option held by Toronto Parking

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Authority to purchase the retail unit (Retail Component) of a joint venture development at 935 Eglinton Avenue West (the Property).

Staff recommended

The President, Toronto Parking Authority, and the City Solicitor recommend that: 1. The Board of Directors of Toronto Parking Authority adopt the confidential instructions to staff in Confidential Attachment 1. 2. The Board of Directors of Toronto Parking Authority authorize the public release of the confidential instructions to staff contained in Confidential Attachment 1, at the discretion of the City Solicitor. 3.

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The Board of Directors of Toronto Parking Authority direct that the balance of the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it contains advice which is subject to solicitor-client privilege.

    On the record

    The item as the City filed it

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