Coming to General Govt Committee next week.
GG3.20 - Ontario Place Redevelopment - Declaration of Surplus
Consideration Type: ACTIONWard: 10 - Spadina - Fort York
Attention
April 14, 2023 - Revised Report from the Executive Director, Corporate Real Estate Management - Ontario Place Redevelopment - Declaration of Surplus was posted.
Origin
(April 4, 2023) Report from the Executive Director, Corporate Real Estate Management
Recommendations
The Executive Director, Corporate Real Estate Management recommends that:
1. City Council declare surplus the City-owned parcels of land and water located at Ontario Place and described in Attachment 1 (the "City Property"), with the intended manner of disposal to be by way of agreements to exchange real property with His Majesty the King in right of Ontario as represented by the Minister of Infrastructure and His Majesty the King in right of Ontario as represented by the Minister of Natural Resources and Forestry, as the Chief Planner and Executive Director of City Planning and the General Manager of Parks, Forestry and Recreation have confirmed that the land being exchanged is (i) nearby land of equivalent or larger area and (ii) of comparable or superior green space utility, and all steps necessary to comply with the City’s real estate disposal process as set out in Article 1 of City of Toronto Municipal Code Chapter 213, Real Property, be taken.
2. City Council approve, as the approving authority under the provisions of the Expropriations Act, the disposal of the City Property to His Majesty the King in right of Ontario as represented by the Minister of Infrastructure without giving the owners from whom any part of the City Property was expropriated the first chance to repurchase such part of the City Property on the terms of the best offer received by the expropriating authority.
Summary
The purpose of this report is to seek authority for the City of Toronto (the "City") to declare surplus City-owned parcels of land and water located at Ontario Place as described in Attachment 1 (the "City Property") with the intended manner of disposal to be by way of a land exchange with His Majesty the King in right of Ontario (the "Province"). City Council authority for the proposed land exchange will be sought in a separate report in the next reporting cycle, subject to City Council approval of this report.
As per Toronto Municipal Code, s. 213-1.3, it is necessary to declare surplus the City Property before proceeding with the land exchange. Under Toronto Municipal Code, s. 213-1.6, authority to declare City property surplus has been delegated to the Deputy City Manager, Corporate Services unless the local Councillor requests the matter to be determined through the appropriate standing committee, which is the case in this instance.
Financial Impact
There are no financial implications resulting from this approval.
The Chief Financial Officer and Treasurer has reviewed this report and agrees with the financial implications as identified in the Financial Impact section.
Background Information
(April 14, 2023) Revised Report and Attachments 1-2 from the Executive Director, Corporate Real Estate Management - Ontario Place Redevelopment - Declaration of Surplus
https://www.toronto.ca/legdocs/mmis/2023/gg/bgrd/backgroundfile-235841.pdf
(April 4, 2023) Report and Attachments 1-2 from the Executive Director, Corporate Real Estate Management - Ontario Place Redevelopment - Declaration of Surplus