The tower and it's rent
[caption id="attachment_1809" align="alignnone" width="156" caption="Rogers tower at the corner of Allen Road and Transit Road"]
[/caption]Schedule “A”
Major Terms and Conditions
Licensee: Rogers Wireless Inc.
Licensor: City of Toronto
Premises: part of land at the corner of Allen Road and Transit, an
approximate of 48.26 square meters
Term: License agreement for Five (5) years with Five (5) year renewal
option, commencing on Jan 1, 2007 to Dec 31, 2016
Rent: Jan 1, 2007 to March 31, 2013 at $21,500 per annum or $1,792 per
month, net, plus all applicable taxes. The rate is to be escalated at
2.5% per year.
Termination: City reserves the right to terminate the the license, for municipal
purpose, with one year in advance notice.
The problem
City Council on December 1, 2 and 3, 2008, given the prominent location of this tower,
referred this Item to the Chief Planner and Executive Director, City Planning:
1. to enter into discussions with Rogers Wireless Inc., with a view to enhancing the
appearance of the installation; and
2. to negotiate, in consultation with the Chief Corporate Officer, a public art component of
the lease agreement for this structure, which can best be described as a “finger of jagged
ugliness thrust into the Downsview sky”.
all text in italics City of Toronto
Site Licence at the Corner of Allen Road and Transit Road Full report [opens in new window]
Posted by Robert
