245 Bartley Drive - Designation of a Portion of the Property used by the Toronto Transit Commission as a Municipal Capital Facility

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The decision

2024-07-24 · Toronto City Council · adopted

As filed

City Council on July 24 and 25, 2024, adopted the following: 1. City Council pass a By-law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement between 245 Bartley Inc., the landlord, which will lease approximately 46,000 square feet at 245 Bartley Drive (the "Leased Premises") to the City of Toronto, used for the general administration of the City; and b.

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exempt the Leased Premises from taxation for municipal and school purposes, with the tax exemption being effective from the latest of: - the commencement date of the lease; - the date the Municipal Capital Facility Agreement is entered into; and - the date the Tax Exemption By-law is enacted. 2. 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.

On the agenda

As the city filed it

This report seeks City Council's authority for the adoption of the necessary By-law to designate a portion of the property owned by 245 Bartley Inc., leased to the Toronto Transit Commission 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 unit 2 which is approximately 46,000 square feet at 245 Bartley Drive.

Staff recommended

The Interim Controller and Executive Director, Corporate Real Estate Management recommends that: 1. City Council pass a By-law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement between 245 Bartley Inc., the landlord, which will lease approximately 46,000 square feet at 245 Bartley Drive (the "Leased Premises") to the City of Toronto, used for the general administration of the City; and b.

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Considered

2024-07-02 · General Government Committee · adopted
Decision as filed
The General Government Committee recommends that: 1. City Council pass a By-law pursuant to Section 252 of the City of Toronto Act, 2006, providing authority to: a. enter into a Municipal Capital Facility Agreement between 245 Bartley Inc., the landlord, which will lease approximately 46,000 square feet at 245 Bartley Drive (the "Leased Premises") to the City of Toronto, used for the general administration of the City; and b.
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exempt the Leased Premises from taxation for municipal and school purposes, with the tax exemption being effective from the latest of: - the commencement date of the lease; - the date the Municipal Capital Facility Agreement is entered into; and - the date the Tax Exemption By-law is enacted. 2. 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.
2024-07-24 · Toronto City Council · adopted

On the record

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