Item - 2011.MM3.8

City Council on February 7 and 8, 2011, adopted the following:

1.         City Council grant authority to initiate the expropriation process for the property interests listed in Appendix "A" (the "Required Lands") and shown on the Sketch attached as Appendix "C", to the report (January 28, 2011) from the Chief Corporate Officer, conditional upon the owner of 3132 Eglinton Avenue East executing a Site Plan Agreement, in a form satisfactory to the City Solicitor, in which, among other things, the owner agrees to pay all costs associated with the City's acquisition or expropriation of the Required Lands, the environmental remediation of the Required Lands to the satisfaction of the City and the construction of the Conn Smythe Drive extension to the satisfaction of the City, and upon the owner delivering to the City, prior to issuance of site plan approval, an unconditional, irrevocable letter of credit in an amount satisfactory to the Director of Real Estate Services, in consultation with the Executive Director of Technical Services, to secure such obligation.

2.         Subject to satisfaction of the conditions in Part 1 above, City Council grant authority to serve and publish Notices of Application for Approval to Expropriate the Required Lands, to forward to the Chief Inquiry Officer any requests for hearing that are received, to attend the hearing to present the City's position, and to report the Inquiry Officer's recommendations to Council for its consideration.