City Council on October 26 and 27, 2009, adopted the following:

1. City Council grant authority to enter into an Agreement of Purchase and Sale with the owner of the property municipally known as 15 Kenaston Gardens (the “Property”), substantially on the terms outlined in Appendix “B” and Confidential Attachment 1 to the report (September 14, 2009) from the Chief Corporate Officer, and on such other terms and conditions as may be acceptable to the Chief Corporate Officer, and in a form satisfactory to the City Solicitor.

2. The acquisition of 15 Kenaston Gardens be conditional upon an agreement for the sale of the associated density having been entered into, to the satisfaction of the Chief Corporate Officer and the City Solicitor, such that the acquisition price would be recovered if the agreement were completed.

3. Each of the Chief Corporate Officer or the Director of Real Estate Services be authorized severally to execute the Agreement of Purchase and Sale on the City’s behalf.

4. City Council authorize the City Solicitor to complete the transaction on behalf of the City, including paying any necessary expenses, amending the closing, due diligence and other dates, and amending and waiving terms and conditions, on such terms as she may from time to time consider reasonable.

5. City Council adopt the confidential instructions to staff in Attachment 1 of the report (September 14, 2009) from the Chief Corporate Officer.

6. City Council direct that the confidential information contained in Attachment 1 to the report (September 14, 2009) from the Chief Corporate Officer, remain confidential excepting the purchase price of the Property which shall be available for public release upon the completion of all terms of the purchase and sale agreement to the satisfaction of the City Solicitor.

Confidential Attachment 1 to the report (September 14, 2009) from the Chief Corporate Officer remains confidential in accordance with the provisions of the City of Toronto Act, 2006, as it relates to a proposed or pending land acquisition by the City or one of its agencies, boards and commissions. The purchase price of the Property shall be available for public release upon the completion of all terms of the purchase and sale agreement to the satisfaction of the City Solicitor.

Confidential Attachment 1 to the report (September 30, 2009) from the City Solicitor remains confidential in its entirety, in accordance with the provisions of the City of Toronto Act, 2006, as it contains information that is subject to solicitor-client privilege.