Motion by Councillor Ana Bailão on GM5.15

Councillor Ana Bailão has moved the following motion on item GM5.15, headed 'New Below-Market Rent Leases at 1379 Bloor Street West, 201 Chester Le Boulevard and 3600 Kingston Road and New Head Lease at 201 Chester Le Boulevard'.

Motion

Recommendation 1 be amended by deleting "for a term of three (3) years" and replacing it with the following "for a term of five (5) years, to be consistent with the standard below-market rent lease that is being implemented throughout the city," so that Recommendation 1 shall now read as follows:

1. City Council authorize a new Below Market Rent (BMR) sub-lease agreement with Dovercourt Boys' and Girls' Club, for a term of five (5) years, to be consistent with the standard below-market rent lease that is being implemented throughout the city, substantially based on the terms and conditions set out in Appendix “A”, in the report (June 14, 2011) from the Chief Corporate Officer and the Executive Director of Social Development, Finance and Administration, and with such revisions thereto and any other terms deemed appropriate by the Chief Corporate Officer, or his or her designate, and in a form acceptable to the City Solicitor; and



Recommendation 3 be amended by deleting "for a term of three (3) years" and replacing it with the following "for a term of five (5) years, to be consistent with the standard below-market rent lease that is being implemented throughout the city," so that Recommendation 3 shall now read as follows:

3. City Council authorize a new Below Market Rent (BMR) sub-lease agreement with Agincourt Community Services Association Inc. for a term of five (5) years, to be consistent with the standard below-market rent lease that is being implemented throughout the city, substantially based on the terms and conditions set out in Appendix “C”, in the report (June 14, 2011) from the Chief Corporate Officer and the Executive Director of Social Development, Finance and Administration, and with such revisions thereto and any other terms deemed appropriate by the Chief Corporate Officer, or his or her designate, and in a form acceptable to the City Solicitor; and



Recommendation 5 be amended by deleting "for a term of three (3) years" and replacing it with the following "for a term of five (5) years to be consistent with the standard below-market rent lease that is being implemented throughout the city," so that Recommendation 5 shall now read as follows:

5. City Council authorize a new Below Market Rent (BMR) lease agreement with the Playhouse 66 for a term of five (5) years, to be consistent with the standard below-market rent lease that is being implemented throughout the city, substantially based on the terms and conditions set out in Appendix “E”, in the report (June 14, 2011) from the Chief Corporate Officer and the Executive Director of Social Development, Finance and Administration, and with such revisions thereto and any other terms deemed appropriate by the Chief Corporate Officer, or his or her designate, and in a form acceptable to the City Solicitor.


Debate continues...