ModernTO: Selection of Proponent for 610 Bay Street and 130 Elizabeth Street

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As the city filed it

City Council on November 13 and 14, 2024, adopted Item EX18.4 and, in so doing, has authorized the Board of Directors of CreateTO to direct the Chief Executive Officer, CreateTO, in consultation with the Executive Director, Housing Secretariat and the Executive Director, Corporate Real Estate Management, to negotiate transaction agreements, including one or more ground leases, one or more municipal housing facility agreements,

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and such other documents as may be necessary to finalize the arrangements with the Preferred Proponent, substantially on the terms identified in Confidential Attachment 4 to the report (October 15, 2024) from the Chief Executive Officer, CreateTO and such other terms and conditions deemed appropriate by the Chief Executive Officer, CreateTO, the Executive Director, Housing Secretariat and the Executive Director, Corporate Real Estate Management.

ModernTO: Selection of Proponent for 610 Bay Street and 130 Elizabeth Street

The decision

As filed

On the agenda

As the city filed it

On the record

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