Toronto Parking Authority
The full agenda, as filed
All 4 items in the clerk’s order. Each carries the city’s own words: the staff recommendation, what the body decided, and its status. Nothing below is written by us.
PA14.1adopted
Toronto Parking Authority COVID-19 Financial Impact Update
Toronto Parking Authority (TPA) has worked closely with the City of Toronto (City) since the activation of the Emergency Operations Centre (EOC) on March 12. TPA is participating in the Planning Task Force, Corporate Leadership Team and Human Resources (HR) Leadership Team. As the COVID-19 pandemic situation evolves, all City Agencies and Divisions, including TPA, have been aligned with the City's direction to scale back all non-essential services. Essential services that have remained operational are those that: - are required to meet legislative requirements. - support employee and public health and safety. - enable critical community services and supports. - support services necessary to keep essential services operating. - protect and operate vital infrastructure. - fulfill critical legal and financial obligations. Accordingly, TPA has modified its service delivery to protect public health and safety by providing the essential services needed to maintain the security of parking facilities and Bike Share operations. However, only those services that can be performed safely, and with appropriate physical distancing, are being provided. These primarily include facilities maintenance, technical services, customer service, security and administration. Consistent with the City declaration of a state of emergency, TPA offices were closed to public access and all TPA non-essential staff were sent home with pay to April 26. The necessary technical equipment was immediately provided to employees able to perform their work remotely. In light of parking services revenue falling to 10 percent of previous levels, TPA continues in its efforts to balance financial sustainability with the City's COVID-19 objectives. Operational planning objectives remain fixed on minimizing disruption, reducing non-essential expenses as appropriate, and maximizing long-run cash flow and profitability. Recovery planning is also underway to ensure TPA is ready to return to regular operations as quickly as possible.
The Board of Directors of Toronto Parking Authority: 1. Received the report (April 27, 2020) from the Acting President, Toronto Parking Authority, for information.
Staff recommendation as filed
The Acting President, Toronto Parking Authority recommends that: 1. The Board of Directors of Toronto Parking Authority receive this report for information.
PA14.2adopted
The rate structure established for each Toronto Parking Authority (TPA) Car Park is applicable to all users, regardless of special circumstances. Requests for special parking considerations are generally discouraged except those requests that meet the criteria outlined in Policy Resolution 2-11 - Special Parking Arrangements For Organizations (Appendix A). On a historical basis, TPA has provided special parking arrangements for a number of organizations that include Places of Worship and organizations involved in charitable work, such as the Lawyers Feed the Hungry Program operated by The Law Society Foundation. Throughout the COVID-19 pandemic, TPA has received multiple requests for special arrangements for parking at specific Car Parks and Bike Share rides. Requests have generally been made by organizations seeking assistance to support frontline health care workers or local businesses. Given the extraordinary circumstances, special arrangements have been granted for employees at Toronto Public Health and the University Health Network who rely on public parking and Bike Share rides as part of their daily journeys to and from work. As a result of the changing socioeconomic conditions and the nature of requests being received, TPA staff are recommending that Policy Resolution 2-11 be amended to provide a stronger framework under which special arrangements are considered for parking and Bike Share. The proposed changes will further align the criteria with TPA's mandate and rate setting strategy.
The Board of Directors of Toronto Parking Authority: 1. Approved the proposed Toronto Parking Authority Policy Resolution 2-11 - Special Parking and Bike Share Arrangements For Organizations in Appendix B to the report (May 7, 2020) from the Acting President, Toronto Parking Authority, and directed the President, Toronto Parking Authority, to enact this Policy Resolution, as amended.
Staff recommendation as filed
The Acting President, Toronto Parking Authority recommends that: 1. The Board of Directors of Toronto Parking Authority approve the proposed Toronto Parking Authority Policy Resolution 2-11 - Special Parking and Bike Share Arrangements For Organizations in Appendix B and direct the President, Toronto Parking Authority, to enact this Policy Resolution, as amended.
PA14.3adopted
Toronto Parking Authority (TPA) entered into an Agreement of Purchase and Sale (Agreement) with Lanterra Developments (Bay Wellesley) Limited (referred to as the Vendor) for the acquisition of a municipal parking facility containing approximately 132 parking spaces at 11 Wellesley Street West (the Property, Car Park 304). The transaction involves the acquisition by the City of a stratified interest in a below-grade portion of the Property within which a municipal parking facility is to be located and form part of a mixed commercial/retail/ residential development. At its meeting of January 19, 2017, TPA Board of Directors approved the acquisition of approximately 132 parking spaces at a cost of $50,000 excluding Harmonized Sales Tax (HST) per space for a total of $6,600,000 excluding HST. An additional $350,000 was also approved for closing costs (e.g., land transfer taxes, environmental studies, legal fees, and other transaction-related costs), as well as TPA's installation of parking equipment, for a total approved project cost of $6,950,000 excluding HST. The Agreement with the Vendor allows for TPA's acquisition of additional parking spaces at a cost of $50,000 excluding HST per space in the event the design of the underground parking garage can be optimized to add more parking. Construction of the development, including the municipal parking facility, is nearing completion. Turnover of the parking facility to TPA is scheduled for mid-2020. Operation of the facility would commence immediately thereafter. TPA has recently been informed by the Vendor that the design of the parking garage can accommodate two (2) additional parking spaces for a total of 134 parking spaces. In addition, TPA is forecasting a shortfall in approved spending for construction build out costs, parking payment equipment and closing costs (collectively referred to as Additional Costs). The purpose of this report is to request approval from TPA Board of Directors for the additional two (2) parking spaces at a cost of $100,000 excluding HST. In addition, TPA is requesting $220,370.67 excluding HST to cover additional expenditures exceeding the original estimate related to construction build out, parking equipment and closing costs. The additional project costs will result in a total project cost of $7,270,370.67 excluding HST. Sufficient funding is available in the approved 2020 Capital Budget to cover the total project costs.
The Board of Directors of Toronto Parking Authority: 1. Authorized the additional expenditure of not more than $320,370.67 excluding Harmonized Sales Tax for the completion of construction build out costs, parking payment equipment, closing costs, and the acquisition of two additional parking spaces related to 11 Wellesley Street West for a total acquisition cost of $7,270,370.67 excluding Harmonized Sales Tax.
Staff recommendation as filed
The Acting President, Toronto Parking Authority recommends that: 1. The Board of Directors of Toronto Parking Authority authorize the additional expenditure of not more than $320,370.67 excluding Harmonized Sales Tax for the completion of construction build out costs, parking payment equipment, closing costs, and the acquisition of two additional parking spaces related to 11 Wellesley Street West for a total acquisition cost of $7,270,370.67 excluding Harmonized Sales Tax.
PA14.4adopted
Transaction Update on City-Owned 50 Cumberland Street/37 Yorkville Avenue (Municipal Car Park 15)
Item GM11.13, adopted by City Council on March 5, 6, and 7, 2012, approved a purchase agreement ("Purchase Agreement") between Toronto Parking Authority ("TPA") as vendor and MUC Properties Inc. as purchaser, involving a sale to MUC Properties Inc. ("MUC") of a stratified portion of City-owned and TPA managed property at 50 Cumberland Street/37 Yorkville Avenue, for a total consideration of approximately $76 million and detailed as follows: a. purchase price of $44 million (cash proceeds); plus b. an 800-space public parking garage to be built by the purchaser at its sole cost in accordance with TPA's parking specification and approved plans with an estimated value of $32 million ($40,000 per space); and c. purchase price bonus (if applicable) of $60,000 per square foot of gross floor area of the project in excess of 550,000 square feet of gross floor area, established when the project is zoned in final form. On September 21, 2015, MUC assigned the Purchase Agreement to MK 37 Yorkville Inc. and Kingsett Real Estate Growth LP No. 4 (collectively "Kingsett"). On December 15, 2015, TPA completed the sale of the upper strata portion of the property to Kingsett, with the City retaining ownership of the lower strata portion. On December 20, 2017, Kingsett sold to 33 Yorkville Residences Inc. ("33 Yorkville") the upper strata portion of 50 Cumberland/37 Yorkville, together with adjoining lands municipally known as 27 Yorkville Avenue and 26-30 Cumberland Street. The Purchase Agreement, as amended, which includes the purchaser obligation to construct the 800-space public parking garage, the TPA lease back dated December 18, 2015, the Construction Procedures Agreement dated December 18, 2015 and the Mutual Undertaking dated December 18, 2015 regarding the reciprocal cost-sharing and easement agreement to be entered into, was assigned by Kingsett to 33 Yorkville and Cresford Capital Corporation ("Cresford"). On March 2, 2020, TPA received correspondence that the construction lenders for 33 Yorkville and Cresford will bring an application now returnable on March 27, 2020 to appoint a receiver and manager for 33 Yorkville and Cresford. The purpose of this report is to inform TPA Board of Directors of relevant information in view of these developments. Confidential Attachment 1 contains information pertaining to potential litigation and contains advice that is subject to solicitor-client privilege.
The Board of Directors of Toronto Parking Authority: 1. Directed that the information contained in Confidential Attachment 1 to the report (March 13, 2020) from the Acting President, Toronto Parking Authority, and the City Solicitor remain confidential in its entirety at the discretion of the City Solicitor, as it pertains to potential litigation involving Toronto Parking Authority and the City of Toronto and contains advice that is subject to solicitor-client privilege.
Staff recommendation as filed
The Acting President, Toronto Parking Authority and the City Solicitor recommend that: 1. The Board of Directors of Toronto Parking Authority direct that the information contained in Confidential Attachment 1 remain confidential in its entirety at the discretion of the City Solicitor, as it pertains to potential litigation involving Toronto Parking Authority and the City of Toronto and contains advice that is subject to solicitor-client privilege.