Long-term Industrial Lease at 245 Bartley Drive for Toronto Transit Commission's Automatic Train Control Project and Signals Group

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The decision

2023-05-10 · Toronto City Council · adopted

As filed

City Council on May 10, 11 and 12, 2023, adopted the following: 1. City Council authorize the City to enter into an offer to lease and the subsequent lease agreement (collectively the "Lease") with 245 Bartley Incorporated (the "Landlord") for part of the property municipally known as 245 Bartley Drive, comprising of approximately 46,000 square feet of industrial space (the "Leased Premises") as identified in Appendix

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A to the report (April 4, 2023) from the Executive Director, Corporate Real Estate Management, for a term of ten years with three options to renew for five years each, substantially based on the terms set out in Appendix B to the report (April 4, 2023) from the Executive Director, Corporate Real Estate Management, and on such other or amended terms and conditions acceptable to the Executive Director, Corporate Real Estate Management or designate, and in a form satisfactory to the City Solicitor. 2. City Council authorize each of the Executive Director, Corporate Real Estate Management, and the Director, Transaction Services, Corporate Real Estate Management severally, to execute the Lease, and any related documentation as required, and to deliver any notices, and amend the respective commencement, termination and other dates to such earlier or later date(s), on such terms and conditions, as the City Solicitor, or designate, may from time to time, determine.

On the agenda

As the city filed it

The purpose of this report is to obtain City Council authority to enter into a new ten year offer to lease and subsequent lease agreement (collectively the "Lease") with 245 Bartley Incorporated (the "Landlord") for approximately 46,000 square feet of industrial space at the property municipally known as 245 Bartley Drive (the "Leased Premises") to meet the needs of the Toronto Transit Commission's Automatic Train Control

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("ATC") Project and Signals Group, as approved by the Toronto Transit Commission Board of Commissioners, subject to obtaining the necessary City authorization, by adoption of Item 4 at its meeting of January 19, 2023.

Staff recommended

The Executive Director, Corporate Real Estate Management recommends that: 1. City Council authorize the City to enter into an offer to lease and the subsequent lease agreement (collectively the "Lease") with 245 Bartley Incorporated (the "Landlord") for part of the property municipally known as 245 Bartley Drive, comprising of approximately 46,000 square feet of industrial space (the "Leased Premises") as identified in Appendix A, for a term of ten years with three options to renew for five years each, substantially based on the terms set out in Appendix B, and on such other or amended terms and conditions acceptable to the Executive Director, Corporate Real Estate Management or designate, and in a form satisfactory to the City Solicitor.

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2. City Council authorize each of the Executive Director, Corporate Real Estate Management, and the Director, Transaction Services, Corporate Real Estate Management severally, to execute the Lease, and any related documentation as required, and to deliver any notices, and amend the respective commencement, termination and other dates to such earlier or later date(s), on such terms and conditions, as the City Solicitor, or their designate, may from time to time, determine.

Considered

2023-04-20 · General Government Committee · adopted
Decision as filed
The General Government Committee recommends that: 1. City Council authorize the City to enter into an offer to lease and the subsequent lease agreement (collectively the "Lease") with 245 Bartley Incorporated (the "Landlord") for part of the property municipally known as 245 Bartley Drive, comprising of approximately 46,000 square feet of industrial space (the "Leased Premises") as identified in Appendix A, for a term of ten years with three options to renew for five years each, substantially based on the terms set out in Appendix B to the report (April 4, 2023) from the Executive Director, Corporate Real Estate Management, and on such other or amended terms and conditions acceptable to the Executive Director, Corporate Real Estate Management or designate, and in a form satisfactory to the City Solicitor.
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2. City Council authorize each of the Executive Director, Corporate Real Estate Management, and the Director, Transaction Services, Corporate Real Estate Management severally, to execute the Lease, and any related documentation as required, and to deliver any notices, and amend the respective commencement, termination and other dates to such earlier or later date(s), on such terms and conditions, as the City Solicitor, or designate, may from time to time, determine.
2023-05-10 · Toronto City Council · adopted

On the record

The item as the City filed it

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