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

2023-07-18 · Toronto Parking Authority · adopted

As filed

The Board of Directors of the Toronto Parking Authority: 1. Adopted the confidential instructions to staff in Confidential Attachment 1 to the report (June 29, 2023) from the President, Toronto Parking Authority and the City Solicitor. 2. Directed that Confidential Attachment 1 to the report (June 29, 2023) from the President, Toronto Parking Authority and the City Solicitor remain confidential in its entirety, as it contains advice that is subject to solicitor-client privilege.

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 (the Action). In the 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

Show the rest of As the city filed it, 131 more characters as filed

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 the Toronto Parking Authority adopt the confidential instructions to staff in Confidential Attachment 1. 2. The Board of Directors of the Toronto Parking Authority direct that the 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