Lands on Toronto Islands transferred
237. (1) For the purpose of section 225, all land comprising Toronto Islands owned by the City of Toronto and all rights of the City of Toronto to use and occupy land comprising Toronto Islands owned by The Toronto Harbour Commissioners, except such portions of all such lands as are set aside and used or required for the purposes of the Toronto Island Airport, and except such portions of all such lands as are described in the Schedule to the Toronto Islands Residential Community Stewardship Act, 1993, are vested in the Metropolitan Corporation as of the 1st day of January, 1956, subject to then existing leases, and subject to subsection (2), no compensation or damages shall be payable to the City of Toronto in respect thereof. 1993, c. 15, s. 34 (2). Metropolitan Corporation liability (2) The Metropolitan Corporation shall pay to the City of Toronto, (a) before the due date all amounts of principal and interest becoming due upon any outstanding debentures issued by the City of Toronto for the purposes of the land and rights vested by this section in the Metropolitan Corporation; (b) the amount approved by the Municipal Board and expended by the City of Toronto, but not debentured, for shore protection of Algonquin Island; (c) the amount approved by the Municipal Board and expended by the City of Toronto, but not debentured, for acquisition of leasehold interests and clearing of sites; (d) such amount for personal property, exclusive of leaseholds, transferred to the Metropolitan Corporation as may be mutually agreed upon between the Metropolitan Corporation and the City of Toronto; (e) the amount of the expenses incurred by the City of Toronto after the 1st day of January, 1956, with respect to the operation and maintenance of the land and rights vested by this section in the Metropolitan Corporation. Use by City of Toronto (3) Where any portion of the land and rights vested by this section in the Metropolitan Corporation is being used by the City of Toronto for the purpose of providing municipal services other than park and recreation services, the City of Toronto may continue to use such portion rent free so long as it is required to provide such municipal services. Metropolitan Corporation liable for lighting, etc. (4) The Metropolitan Corporation shall pay to the City of Toronto annually such amount for the lighting, refuse collection and disposal services provided by the City of Toronto in respect of the land and rights vested by this section in the Metropolitan Corporation as may be mutually agreed upon between the Metropolitan Corporation and the City of Toronto. R.S.O. 1990, c. M.62, s. 237 (2-4). Lands not used for park purposes (5) If any of the lands vested by this section in the Metropolitan Corporation and any land comprising Toronto Islands, that is hereafter conveyed by the Toronto Harbour Commissioners to the Metropolitan Corporation, ceases to be used for any of the purposes of section 225, the Metropolitan Corporation shall thereupon transfer the land to the City of Toronto and no compensation or damages shall be payable to the Metropolitan Corporation in respect thereof. 1993, c. 15, s. 34 (3). Settling of doubts (6) In the event of any doubt as to whether any outstanding debenture or portion thereof was issued for the purposes of the land and rights vested by this section in the Metropolitan Corporation or of failure to agree as to the amount to be paid for the personal property transferred to the Metropolitan Corporation or as to the amount to be paid for lighting, refuse collection and disposal services provided by the City of Toronto, the Municipal Board, upon application, may determine the matter, and its decision is final. Ferry service (7) Despite any other provision in this Act, the Metropolitan Corporation may establish, maintain and operate a ferry service for providing access to the lands vested in the Metropolitan Corporation under this section for so long as such lands or any part thereof remain so vested and are used for park purposes, and, for such purposes, the Metropolitan Corporation may assume the rights, equipment and other assets of the Toronto Transit Commission used in providing such service subject only to the payment of any outstanding liability in respect thereto and such adjustment as the Metropolitan Corporation may determine and may enter into agreements with any person with respect to the provision of such service. Bus system on Toronto Islands (8) Despite any other provision in this Act, the Metropolitan Corporation may establish, maintain and operate a public bus transportation system on the Toronto Islands and for such purposes the Metropolitan Corporation may, (a) maintain and operate buses for the conveyance of passengers; (b) acquire by purchase or otherwise any real or personal property required for the establishment, operation, maintenance or extension of the system; and (c) fix transportation fares and tolls and make regulations with respect to the operation and control of the system. R.S.O. 1990, c. M.62, s. 237 (6-8). 238.-240. REPEALED: 1993, c. 15, s. 34 (4). Note: Effective January 1, 1998, Part XVII (sections 241 to 269) is repealed. See: 1997, c. 2, ss. 28 (1), 31 (2). PART XVII   FINANCES