That agreement 2020-160N for the Design and Construction of Affordable Housing at Port Credit West Village be awarded to FS BW Block D GP Inc. (the ‘Turnkey Agreement”) in the estimated amount of $62,207,926 (excluding applicable taxes), pursuant to the terms and conditions of the Turnkey Agreement, in accordance with Procurement By-law 30-2018, as amended;
And further, that the Commissioner of Human Services be authorized to execute the Turnkey Agreement, being an agreement for the provision of a municipal capital facility where all the units to be provided fall within the definition of affordable housing in accordance with s.110 of the Municipal Act, 2001 and By-law 49-2020, as well as any associated documents and agreements which may be required for the transfer and assignment of obligations related to the lands upon which the municipal capital facility will be located, on business terms satisfactory to the Commissioner of Human Services and on legal terms satisfactory to the Regional Solicitor;
And further, that the Region of Peel’s duly authorized signing officers be authorized to execute Ontario Priorities Housing Initiative (OPHI) Contribution Agreements for the Port Credit West Village Affordable Housing project (“Port Credit West Village”) for Year 2 and Year 3 funding in the amount of $5,134,400 and $7,993,200, respectively, together with any further agreements or ancillary documents necessary to provide funding for Port Credit West Village, provided such agreements or ancillary documents are on business terms satisfactory to the Commissioner of Human Services and on legal terms satisfactory to the Regional Solicitor;
And further, that the project be exempt from the payment of Regional development charges in accordance with section 3 of By-law 49-2020;
And further, that correspondence be forwarded to the City of Mississauga requesting that it consider granting relief from City development charges, by waiving or providing a grant to offset such development charges, or through any other mechanisms available to the City;
And further, that the Commissioner of Human Services be authorized to enter into any agreement with the City of Mississauga to permit the waiver, exemption or deferral of City development charges in respect of the project, on business terms satisfactory to the Commissioner of Human Services and on legal terms satisfactory to the Regional Solicitor;
And further, that the Commissioner of Human Services be authorized to enter into a shared facilities agreement on business terms satisfactory to the Commissioner of Human Services and on legal terms satisfactory to the Regional Solicitor with a corporation to be established for the maintenance of the shared facilities at Port Credit West Village, no later than 90 days prior to the closing of the Turnkey Agreement, for an amount to be determined based on an equitable sharing of the maintenance costs and paid monthly for the life of the Region of Peel’s ownership of the asset;
And further, that the Commissioner of Finance and the Chief Financial Officer be authorized to award Contract 2021-014N to the assignee of FS BW Block D GP Inc. for the Shared Facilities Agreement which commences upon the closing of Contract 2020-160N for the Design and Construction of Affordable Housing at Port Credit West Village and extends for the duration of the Region’s ownership of the asset, in accordance with the Procurement By-law 30-2018, as amended;
And further, that staff be authorized to increase Contract (Document 2021-014N) annually for the duration of the Region of Peel’s ownership of the asset, based on the terms of the Shared Facilities Agreement and in accordance with the Procurement By-law 30-2018, as amended;
And further, that the Regional Clerk be directed to provide written notice of the by-law confirming the proceedings of Regional Council at its meeting held on December 10, 2020 to the Minister of Finance, in accordance with section 110(5) of the Municipal Act, 2001;
And further, that Capital project 195036 be increased to $67,617,889 from $55,000,000 with the additional $12,617,889 funded from regional reserves and Capital project 215030 be decreased to $12,617,889 funded from regional reserves, with no impact on the total Housing Master Plan envelope.