Subject to Council authorization, this package of terms will be formalized as part of a Preliminary Agreement between the parties. This report seeks authority for the City Manager and any other relevant City official, in consultation with the CEO TTC, to negotiate, enter into, and execute an agreement (the "Preliminary Agreement") on the basis of the identified terms, as presented in the Term Sheet in Attachment 6 and reflecting the two letters received by the City from the Minister of Transportation and the Special Advisor to Cabinet in Attachments 7 and 8.
Following the establishment of the Preliminary Agreement, the City and TTC will continue discussions with the Province to negotiate a Master Agreement or series of agreements that will fully define the role of the City and TTC in the Provincial Priority Projects. It may be necessary to develop and negotiate project-specific agreements given the differing nature of the projects themselves.
The Master Agreement(s) will be negotiated on the basis of the Preliminary Agreement, providing additional details to the terms, as well as addressing additional topics typically contained in a Master Agreement or other applicable agreements related to implementation and future system operations such as City process and approvals, cost- sharing on infrastructure, capital coordination, governance and dispute resolution, and other considerations and protocols related to real estate, traffic management, staffing, operating and lifecycle maintenance accountabilities, and public communications and engagement. This report seeks authority for the City Manager, in consultation with the CEO TTC, to negotiate the Master Agreement(s) which will be subject to future Council approvals.
City and TTC staff will also continue to work with the Province for the purposes of advancing the design of the four priority projects, providing technical input and influencing design considerations to ensure City planning and neighbourhood concerns are addressed as the projects develop further. This involvement is reflective of the Provincial commitment to work collaboratively with the City and TTC on its priority projects.