Encroachment Agreements - North Bay Pedestrian Bridge connecting 141 Bay Street and Union Station, and Yonge Street Pedestrian Bridge connecting 141 Bay Street and 1 The Esplanade

The purpose of this report is to seek authority to enter into two encroachment agreements with the owner of 141 Bay Street to permit the construction and maintenance of the bridge over the Bay Street public right-of-way and the bridge over the Yonge Street public right-of-way.

(i) connecting 141 Bay Street and Union Station (the "North Bay Pedestrian Bridge") and (ii) connecting 141 Bay Street to 1 The Esplanade (the "Yonge Street Pedestrian Bridge") (also referred to individually as a "Bridge" or "Encroachment", or collectively, as the "Bridges" or "Encroachments"), substantially on the major terms and conditions set out in Attachment 1 and Attachment 2, as the case may be, and on such other terms and conditions as may be acceptable to the General Manager of Transportation Services (the "GM"), and in a form satisfactory to the City Solicitor. 2. Toronto and East York Community Council direct the GM to extend the Agreement to the new owner of 141 Bay Street, in the event of sale or transfer of the property at 141 Bay Street, subject to the prior approval of the GM, and provided in all cases the transferee or assignee enters into an assumption agreement with the City to assume the obligations under the Agreement, as well as the obligations under the construction and licence agreement for the Bridges for the portion of the Bridges on City-owned lands, in a form satisfactory to the City Solicitor.