The filed record
254 and 260 Adelaide Street West - Amendment to the Joint Development Agreement
The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.
The decision
2022-11-18 · CreateTO · adopted
As filed
The Board of Directors of CreateTO: 1. Authorized the Chief Executive Officer, CreateTO, in consultation with the Executive Director, Corporate Real Estate Management, to amend the timelines in the Joint Development Agreement (October 6, 2021) to allow time to explore a joint venture opportunity with the owner of 254 Adelaide Street West until end of March 2023. 2. Directed that the Confidential Attachment 1 to the report
Show the rest of As filed, 375 more characters as filed
(November 1, 2022) from the Chief Executive Officer, CreateTO remain confidential in its entirety as it contains information that relates to both a proposed or pending acquisition or disposition of property belonging to the City and a plan to be applied to negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO and City of Toronto.
On the agenda
As the city filed it
The purpose of this report is to receive Board approval to amend the timelines in the Joint Development Agreement, triggered by rezoning of 254 and 260 Adelaide Street West, to explore a joint venture opportunity with the owner of 254 Adelaide Street West.
Staff recommended
The Chief Executive Officer, CreateTO recommends that the Board of Directors of CreateTO: 1. Authorize the Chief Executive Officer, CreateTO, in consultation with the Executive Director, Corporate Real Estate Management, to amend the timelines in the Joint Development Agreement (October 6, 2021) to allow time to explore a joint venture opportunity with the owner of 254 Adelaide Street West until end of March 2023. 2.
Show the rest of Staff recommended, 370 more characters as filed
Direct that the Confidential Attachment 1 to this report remain confidential in its entirety as it contains information that relates to both a proposed or pending acquisition or disposition of property belonging to the City and a plan to be applied to negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO and City of Toronto.