Litigation Update Regarding Option to Purchase Retail Component of Development at 935 Eglinton Avenue West (Car Park 655)

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

2024-10-18 · Toronto Parking Authority · adopted

As filed

The Board of Directors of Toronto Parking Authority: 1. Directed that Confidential Attachment 1 to the report (October 4, 2024) from the President, Toronto Parking Authority and the City Solicitor remain confidential in its entirety, as it contains advice which is subject to solicitor-client privilege.

The vote

Adopt Item · Carried, 4-0

For (1)Paula Fletcher

Absent (1)Brad Bradford

The whole record, all 2 members

Brad BradfordAbsent
Paula FletcherFor

Every name opens that member’s record.

On the agenda

As the city filed it

This is a report on the status of the legal action (the "Action") commenced by Toronto Parking Authority on January 21, 2019 against BSaR (Eglinton) Ltd., BSaR (Eglinton) LP, and BSaR's principals, Tarek Sobhi, and Tyler Hershberg (all together referred to as BSaR). In the legal action, Toronto Parking Authority is claiming damages in the amount of $7.0 million for breach of the terms of an Agreement of Purchase and Sale

Show the rest of As the city filed it, 224 more characters as filed

(APS) between BSAR and the Toronto Parking Authority that provided Toronto Parking Authority an option 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 Toronto Parking Authority direct that the confidential 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