CreateTO
The full agenda, as filed
All 11 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.
RA19.1adopted
Third Quarter Financial Results
For the nine months ending September 30, 2020, CreateTO gross expenditures are $0.42 million favourable compared to budget. Annual expenditures are expected to be in line with budget.
The Board of Directors of CreateTO: 1. Received the report (November 16, 2020) from the Chief Financial Officer, CreateTO for information.
Staff recommendation as filed
The Chief Financial Officer, CreateTO recommends that: 1. The Board of Directors of CreateTO receive this report for information.
RA19.2adopted
Delegation of Head - Municipal Freedom of Information and Protection of Privacy Act
Pursuant to section 3(b) of the Municipal Freedom of Information and Protection of Privacy Act, the members of the Board of Directors for CreateTO are currently the head for the purposes of this Act. Under section 49 of the Municipal Freedom of Information and Protection of Privacy Act the members of the Board of Directors may delegate the power and duties of the head to an officer of the institution.
The Board of Directors of CreateTO: 1. Delegated the power and duties of the head pursuant to the Municipal Freedom of Information and Protection of Privacy Act to the Chief Legal Counsel and Corporate Secretary, CreateTO.
Staff recommendation as filed
The Interim Chief Executive Officer, CreateTO recommends that: 1. The Board of Directors of CreateTO delegate the power and duties of the head pursuant to the Municipal Freedom of Information and Protection of Privacy Act to the Chief Legal Counsel and Corporate Secretary, CreateTO.
RA19.3adopted
CreateTO 2021 Operating Budget
The 2021 CreateTO Operating Budget represents a decrease of $0.062 million over the 2020 budget. The 2021 CreateTO Operating Budget includes the addition of one fulltime position, a portfolio strategy analyst, increasing the total staffing complement to 69 employees.
The Board of Directors of CreateTO recommends that: 1. City Council approve CreateTO's 2021 Operating Budget of $14.598 million gross, and $0 net.
Staff recommendation as filed
The Chief Financial Officer recommends that: 1. The Board of Directors of CreateTO recommend that City Council approve CreateTO's 2021 Operating Budget of $14.598 million gross, and $0 net.
RA19.4received
ModernTO - Workplace Modernization Program Business Case and Implementation Plan Update
The Executive Committee: 1. Received the report (November 3, 2020) from the Deputy City Manager, Corporate Services for information. 2. Requested the City Clerk to forward a copy of the Item to the CreateTO Board of Directors for information.
The Board of Directors of CreateTO received the item for information.
RA19.5amended
On January 30, 2019, City Council approved a signature affordable housing initiative, "the Housing Now Initiative," to leverage City-owned land for the purpose of creating new, mixed-use, mixed-income communities. Through the Initiative, 11 properties were identified for development, with the potential to create a total of 10,000 new residential units. On May 28, 2020, Council approved the addition of 6 more sites to the Housing Now Initiative with the potential to create 1,455 to 1,700 residential units. The Housing Now Initiative is coordinated through a Steering Committee composed of senior staff from the Housing Secretariat, City Planning and CreateTO. The purpose of this report is to provide a broad status update on the progress made to-date on the 17 properties.
The Board of Directors of CreateTO: 1. Directed that the Vice President of Development, CreateTO to work with the local Councillor to review an increase in the density at 405 Sherbourne Street. 2. Directed that the confidential information contained in Confidential Attachment 1 to the report (November 20, 2020) from the Vice President Development, CreateTO remain confidential in its entirety, as it is about a position, plan, procedure, criteria or instruction to be applied to a negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO.
Staff recommendation as filed
The Vice President, Development, CreateTO recommends that: 1. The Board of Directors of CreateTO direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it is about a position, plan, procedure, criteria or instruction to be applied to a negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO.
RA19.6adopted
Housing Now - Selection of Proponent for 705 Warden Avenue
This report provides an update on the market offering held for 705 Warden Avenue. On Aug 10, 2020 CBRE, on behalf of the Housing Secretariat and CreateTO, launched a marketing process for 705 Warden Ave. Bids were received on Oct 7, 2020. Under the direction of a fairness monitor, bids were reviewed, scored, and shortlisted. The selection process concluded with the determination of a final bidder. CreateTO negotiated a term sheet with the selected bidder which is the subject of this report.
The Board of Directors of CreateTO: 1. Approved the recommended proponents identified in Confidential Attachment 1 to the report (November 20, 2020) from the Vice President, Development, CreateTO, for the development of the Housing Now project at 705 Warden Avenue. 2. Directed the Interim Chief Executive Officer, CreateTO, in collaboration with the Executive Director, Housing Secretariat and the City Solicitor, to negotiate transaction agreements, including a ground lease, project agreement and contribution agreement, and such other documents as may be necessary to finalize the arrangements with the proponents for 705 Warden Avenue (the "Agreements"), substantially on the terms set out in Confidential Attachment 3 to the report (November 20, 2020) from the Vice President, Development, CreateTO, and such other terms and conditions deemed appropriate by the Interim Chief Executive Officer, CreateTO and the City Solicitor, subject to the necessary City of Toronto approvals. 3. Directed the Interim Chief Executive Officer to report back to the Board of Directors when management has settled the Agreements with the proponent for approval of the Agreements. 4. Directed that the identity of the final selected proponent be made public after the Agreements are executed, at the discretion of the Interim Chief Executive Officer. 5. Directed that the remainder of the information in Confidential Attachments 1, 2 and 3 to the report (November 20, 2020) from the Vice President, Development, CreateTO remain confidential as they relate to a proposed or pending disposition of land by the Board of Directors of CreateTO and the City and a plan to be applied to negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO.
Staff recommendation as filed
The Vice President, Development, CreateTO recommends that the Board of Directors of CreateTO: 1. Approve the recommended proponents identified in Confidential Attachment 1, for the development of the Housing Now project at 705 Warden Avenue. 2. Direct the Interim Chief Executive Officer, CreateTO, in collaboration with the Executive Director, Housing Secretariat and the City Solicitor, to negotiate transaction agreements, including a ground lease, project agreement and contribution agreement, and such other documents as may be necessary to finalize the arrangements with the proponents for 705 Warden Avenue (the "Agreements"), substantially on the terms set out in Confidential Attachment 3, and such other terms and conditions deemed appropriate by the Interim Chief Executive Officer, CreateTO and the City Solicitor, subject to the necessary City of Toronto approvals. 3. Direct the Interim Chief Executive Officer to report back to the Board of Directors when management has settled the Agreements with the proponent for approval of the Agreements. 4. Direct that the identity of the final selected proponent be made public after the Agreements are executed, at the discretion of the Interim Chief Executive Officer. 5. Direct that the remainder of the information in Confidential Attachments 1, 2 and 3 remain confidential as they relate to a proposed or pending disposition of land by the Board of Directors of CreateTO and the City and a plan to be applied to negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO.
RA19.7adopted
Housing Now - Approval of Agreements for 50 Wilson Heights Boulevard
This report recommends that the CreateTO Board of Directors approve the negotiated agreements for 50 Wilson Heights Boulevard ("50 Wilson Heights") which includes the Ground Lease, Purchase Agreement, Contribution Agreement, Project Agreement and Development Agreement (the "Agreements"). The report also recommends that the CreateTO Board of Directors direct the Interim Chief Executive Officer, CreateTO to request the necessary City of Toronto authorities to execute the Agreements and such other documents as may be necessary in order to finalize the arrangement with the developer partners for 50 Wilson Heights Boulevard as described in Confidential Attachment 1. Upon completion of the market offering process, on January 27th, 2020 the CreateTO Board approved Item No. RA10.2 "Housing Now - Results of Marketing Process for 50 Wilson Heights Blvd, 705 Warden Ave. and 777 Victoria Park Ave." Pursuant to this, the selection of the preferred bid for 50 Wilson Heights Boulevard was approved by the Deputy City Manager, Corporate Services and the Chief Financial Officer and Treasurer. On August 31st, 2020 the successful developer proponent executed the Housing Now Ground Lease Term Sheet as well as the Freehold Transfer Term sheet for 50 Wilson Heights based on the terms negotiated through the market offering process. On October 31st, 2020 the due diligence period for the transaction had expired with the proponent waiving conditions to further firm up the transaction. CreateTO management will obtain the approval of the Executive Director, Housing Secretariat, the Deputy City Manager, Corporate Services and the Chief Financial Officer and Treasurer for execution of agreements, and work with the developer partners on obtaining the deposits as outlined in the agreements. The developer partners are diligently working on their planning submissions (subdivision and site plan applications) with a current timeline to have formal submissions made to City Planning by the end of 2020. Pending planning approvals, the current schedule is to start site servicing construction by summer/fall 2021.
The Board of Directors of CreateTO: 1. Approved negotiated agreements for 50 Wilson Heights Boulevard which include the Ground Lease, Purchase Agreement, Contribution Agreement, Project Agreement and Development Agreement (the "Agreements") based substantially on the terms and conditions set out in Confidential Attachment 1 to the report (November 20, 2020) from the Vice President, Development, CreateTO, and such other terms and conditions deemed appropriate by the Senior Vice President, Development and the Chief Legal Counsel and Corporate Secretary, subject to the necessary City of Toronto approvals. 2. Directed the Interim Chief Executive Officer, CreateTO to request the necessary City of Toronto authorities to execute the Agreements and such other documents as may be necessary in order to finalize the transaction with the developer partners for 50 Wilson Heights Boulevard as described in Confidential Attachment 1 to the report (November 20, 2020) from the Vice President, Development, CreateTO. 3. Directed that the names of the developer partners be made public at the discretion of the Interim Chief Executive Officer following execution of the Agreements and that the remainder of the information in Confidential Attachment 1 to the report (November 20, 2020) from the Vice President, Development, CreateTO remain confidential as it deals with a pending disposition of land by the Board of Directors of CreateTO and the City, and is about a position, plan, or instruction to be applied to negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO.
Staff recommendation as filed
The Vice President, Development, CreateTO recommends that the Board of Directors, CreateTO: 1. Approve negotiated agreements for 50 Wilson Heights Boulevard which include the Ground Lease, Purchase Agreement, Contribution Agreement, Project Agreement and Development Agreement (the "Agreements") based substantially on the terms and conditions set out in Confidential Attachment 1, and such other terms and conditions deemed appropriate by the Senior Vice President, Development and the Chief Legal Counsel and Corporate Secretary, subject to the necessary City of Toronto approvals. 2. Direct the Interim Chief Executive Officer, CreateTO to request the necessary City of Toronto authorities to execute the Agreements and such other documents as may be necessary in order to finalize the transaction with the developer partners for 50 Wilson Heights Boulevard as described in Confidential Attachment 1. 3. Direct that the names of the developer partners be made public at the discretion of the Interim Chief Executive Officer following execution of the Agreements and that the remainder of the information in Confidential Attachment 1 remain confidential as it deals with a pending disposition of land by the Board of Directors of CreateTO and the City, and is about a position, plan, or instruction to be applied to negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO.
RA19.8adopted
CreateTO Human Resources and Compensation - Update
The purpose of this report is to provide the Board with a confidential update on human resources matters affecting CreateTO staff and to provide information regarding financial compensation previously requested by the Board.
The Board of Directors of CreateTO: 1. Adopted the confidential instructions to staff in Confidential Attachment 1 to the report (November 20, 2020) from the Interim Chief Executive Officer, CreateTO. 2. Directed the Interim Chief Executive Officer to comply with the directions of City Council contained in Report EX44.8 adopted on August 25, 2014 by utilizing the Mercer report, attached as Confidential Appendix C to the report (November 20, 2020) from the Interim Chief Executive Officer, CreateTO, to prepare an executive compensation policy for CreateTO, which is to be submitted for approval to the CreateTO Board in early 2021. 3. Directed that the confidential instructions to staff be made public once adopted by the Board and after the affected employees have been informed and that Confidential Appendix C to the report (November 20, 2020) from the Interim Chief Executive Officer, CreateTO be made public after an Executive Compensation Policy is adopted by the Board in 2021 and at the discretion of the Chief Executive Officer. 4. Directed that the remainder of the confidential information contained in Confidential Attachment 1 and Confidential Appendices A, B, and D to the report (November 20, 2020) from the Interim Chief Executive Officer, CreateTO remain confidential in their entirety, as they are about labour relations or employee negotiations, personal matters about an identifable person or persons and contain advice or communications that are subject to solicitor-client privilege.
Staff recommendation as filed
The Interim Chief Executive Officer recommends that the Board of Directors of CreateTO: 1. Adopt the confidential instructions to staff in Confidential Attachment 1. 2. Direct the Interim Chief Executive Officer to comply with the directions of City Council contained in Report EX44.8 adopted on August 25, 2014 by utilizing the Mercer report, attached as Confidential Appendix C, to prepare an executive compensation policy for CreateTO, which is to be submitted for approval to the CreateTO Board in early 2021. 3. Direct that the confidential instructions to staff be made public once adopted by the Board and after the affected employees have been informed and that Confidential Appendix C be made public after an Executive Compensation Policy is adopted by the Board in 2021 and at the discretion of the Chief Executive Officer. 4. Direct that the remainder of the confidential information contained in Confidential Attachment 1 and Confidential Appendices A, B, and D remain confidential in their entirety, as they are about labour relations or employee negotiations, personal matters about an identifable person or persons and contain advice or communications that are subject to solicitor-client privilege.
RA19.9received
Appointment of Chair - Board of Directors of CreateTO
City Council on November 25 and 26, 2020, adopted the following: 1. City Council appoint Ron Carinci as Chair of the Create TO Board of Directors, at pleasure of Council, for a term of office effective November 26, 2020 and ending on December 31, 2021 and until a successor is appointed. Summary Dino Chiesa was appointed Chair of the CreateTO Board of Directors for a term ending December 31, 2021. Mr. Chiesa has recently been on a leave of absence from the Board. Ron Carinci, who has been Vice Chair of the CreateTO Board of Directors since February 15, 2019, has been Acting Chair in his absence. Effective November 24, 2020, Mr. Chiesa has returned from his leave, but has advised that he intends to stay on the Board only until City Council appoints a new Chair. This Motion is urgent as City Council should appoint a new Chair of the CreateTO Board as soon as possible to ensure the orderly succession of the new Chief Executive Officer, the process for which has been initiated by the Board.
The Board of Directors of CreateTO received the item for information.
RA19.10amended
Election of Vice Chair - Board of Directors of CreateTO
Election of the Vice Chair of the Board of Directors of CreateTO under Part H, Section 22, of the Board of Directors of CreateTO By-law No. 1-2018 for a term of office ending November 14, 2022, and until a successor is appointed.
The Board of Directors of CreateTO: 1. Elected Sandra Levy as Vice Chair of the Board of Directors of CreateTO under Part H, Section 22, of the Board of Directors of CreateTO By-law No. 1-2018 for a term of office ending November 14, 2022, and until a successor is appointed.
RA19.11amended
Master Planning of 260 Adelaide Street West and 229 Richmond Street West
The purpose of this report is to provide the Board of Directors of CreateTO (the "Board") with a confidential update regarding the business plan for the City-owned property at 260 Adelaide Street West ("260 Adelaide").
The Board of Directors of CreateTO: 1. Adopted the confidential instructions to staff in Confidential Attachment 1 to the report (December 1, 2020) from the Vice President, Stakeholder and Client Relationship Management, CreateTO, as amended in closed session. 2. Adopted the confidential instructions to staff in Confidential Attachment 1 to the report (December 1, 2020) from the Vice President, Stakeholder and Client Relationship Management, CreateTO. 3. Endorsed the business and redevelopment plan for 229 Richmond Street West, outlined in Appendices 3 and 5 of the Confidential Attachment to the report (December 1, 2020) from the Vice President, Stakeholder and Client Relationship Management, CreateTO. 4. Directed the Interim Chief Executive Officer, CreateTO to direct funds from available CreateTO budget allocations to procure such outside services as may be necessary to support the confidential instructions to staff, with a view to requesting overall project funding in a subsequent report to City Council. 5. Authorized the public release of the confidential information contained in Confidential Attachment 1 to the report (December 1, 2020) from the Vice President, Stakeholder and Client Relationship Management, CreateTO upon completion of any negotiations, and at the discretion of the Chief Executive Officer.
Staff recommendation as filed
The Vice President, Stakeholder and Client Relationship Management, CreateTO recommends that the Board of Directors of CreateTO: 1. Adopt the confidential instructions to staff in Confidential Attachment 1. 2. Endorse the business and redevelopment plan for 229 Richmond Street West, outlined in Appendices 3 and 5 of the Confidential Attachment. 3. Direct the Interim Chief Executive Officer, CreateTO to direct funds from available CreateTO budget allocations to procure such outside services as may be necessary to support the confidential instructions to staff, with a view to requesting overall project funding in a subsequent report to City Council. 4. Authorize the public release of the confidential information contained in Confidential Attachment 1 upon completion of any negotiations, and at the discretion of the Chief Executive Officer.