756 Bathurst Street - Designation 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 By-laws pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement with the Blackhurst Cultural Centre for the entire property known as 756 Bathurst Street, which will be leasing approximately 566.85 square metres of space (the "Leased Premises") for the purposes of providing a Municipal Capital Facility related to the provision of City facilities used for cultural purposes; and b.

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exempt the Leased Premises from taxation for municipal and school purposes, with the tax exemption to be effective from the latest of: 1. the date when the Leased Premises begins to be used for cultural purposes by the Blackhurst Cultural Centre; 2. the date the Municipal Capital Facility Agreement is entered into; or 3. the date this Tax Exemption By-law is enacted. 2. City Council pass a resolution that the above Municipal Capital Facility is for the purposes of the City and is for public use. 3. 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. 4. City Council authorize the Controller to cancel or refund any taxes paid after the effective date of the Municipal Capital Facility Agreement.

On the agenda

As the city filed it

This report seeks Council's authority for the adoption of the necessary by-law to designate the property to be owned by the City of Toronto and to be leased to the Blackhurst Cultural Centre (formerly known as A Different Booklist Cultural Centre) 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 the entire property which is proposed to be approximately 566.85 square metres.

Staff recommended

The Controller recommends that: 1. City Council pass By-laws pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement with the Blackhurst Cultural Centre for the entire property known as 756 Bathurst Street, which will be leasing approximately 566.85 square metres of space (the "Leased Premises") for the purposes of providing a Municipal Capital Facility related to the provision of city facilities used for cultural purposes.

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b. exempt the Leased Premises from taxation for municipal and school purposes, with the tax exemption to be effective from the latest of: 1. the date when the Leased Premises begins to be used for cultural purposes by the Blackhurst Cultural Centre; 2. the date the Municipal Capital Facility Agreement is entered into; or 3. the date this Tax Exemption By-law is enacted. 2. City Council pass a resolution that the above Municipal Capital Facility is for the purposes of the City and is for public use. 3. 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. 4. City Council authorize the Controller to cancel or refund any taxes paid after the effective date of the Municipal Capital Facility agreement.

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 By-laws pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement with the Blackhurst Cultural Centre for the entire property known as 756 Bathurst Street, which will be leasing approximately 566.85 square metres of space (the "Leased Premises") for the purposes of providing a Municipal Capital Facility related to the provision of city facilities used for cultural purposes.
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b. exempt the Leased Premises from taxation for municipal and school purposes, with the tax exemption to be effective from the latest of: 1. the date when the Leased Premises begins to be used for cultural purposes by the Blackhurst Cultural Centre; 2. the date the Municipal Capital Facility Agreement is entered into; or 3. the date this Tax Exemption By-law is enacted. 2. City Council pass a resolution that the above Municipal Capital Facility is for the purposes of the City and is for public use. 3. 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. 4. City Council authorize the Controller to cancel or refund any taxes paid after the effective date of the Municipal Capital Facility agreement.
2022-07-19 · Toronto City Council · adopted

On the record

The item as the City filed it

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