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←General Government and Licensing Committee · 2022-07-04 · 2022.GL32.15

The filed record

705 Progress Avenue - Designation of a Portion of the Property as a Municipal Capital Facility

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The decision

2022-07-19 · Toronto City Council · adopted

As filed

City Council on July 19, 20, 21 and 22, 2022, 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 5n2 Soup Kitchen Project, which leases units 43 and 44, comprising approximately 4,026 square feet as well as an additional 1,000 square feet of community space at 705 Progress Avenue (the "Leased Premises") used for the provision of social and health services and ancillary parking, from the City of Toronto and the Toronto District School Board; and b.

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exempt the Leased 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 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 the City of Toronto and the Toronto District School Board and leased to 5n2 Soup Kitchen Project 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 4,026 square feet in units 43 and 44 as well as an additional 1,000 square feet of community space at 705 Progress Avenue being leased to 5n2 Soup Kitchen Project.

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This report is being written in consultation with Corporate Real Estate Management and Social Development, Finance and Administration.

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 5n2 Soup Kitchen Project, which leases units 43 and 44, comprising approximately 4,026 square feet as well as an additional 1,000 square feet of community space at 705 Progress Avenue (the "Leased Premises") used for the provision of social and health services and ancillary parking, from the City of Toronto and the Toronto District School Board b.

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exempt the Leased 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 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

  • 2022-07-04 · 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 5n2 Soup Kitchen Project, which leases units 43 and 44, comprising approximately 4,026 square feet as well as an additional 1,000 square feet of community space at 705 Progress Avenue (the "Leased Premises") used for the provision of social and health services and ancillary parking, from the City of Toronto and the Toronto District School Board b.

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    exempt the Leased 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 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.

  • 2022-07-19 · Toronto City Council · adopted

On the record

The item as the City filed it

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