Expropriation of 1430 Gerrard Street East for Permanent Affordable Rental Housing - Stage 2

To comply with the legislative requirements of the Expropriations Act, the report of the Ontario Land Tribunal, attached as Appendix A, must be considered by City Council before it exercises its discretion as approving authority to approve the expropriation. This report seeks the approval of City Council, as approving authority under the Expropriations Act, of the proposed expropriation and authorization for the City, as expropriating authority under the Expropriations Act, to serve all required statutory notices and make offers of compensation in accordance with the Expropriations Act. The Property is set out in Appendix B and shown on the draft expropriation plan as Appendix B1. Following the completion of expropriation proceedings, staff will report back to Council on any next steps or direction required to advance the permanent affordable housing program at the site.

3. City Council authorize the City, as expropriating authority under the Expropriations Act, to take all necessary steps to comply with the Expropriations Act, including but not limited to the preparation and registration of an Expropriation Plan, and the service of Notices of Expropriation, Notices of Election and Notices of Possession, as may be required. 4. City Council authorize the Director, Transaction Services, Corporate Real Estate Management, or their designate, to prepare, execute and serve offers of compensation based on a report appraising the market value of the Property in accordance with the requirements of the Expropriations Act. 5. City Council authorize the public release of the confidential information contained in Confidential Attachment 1 once there has been a final determination of all compensation payable to the owners by arbitration, appeal, or settlement to the satisfaction of the City Solicitor.