Assumption of C.N.E.
229. (1) The Metropolitan Council may by by-law assume any of the lands in the City of Toronto designated or known as Exhibition Park or created by fill to the south thereof, saving and excepting any lands or any interest therein of Her Majesty in right of Ontario, and the enactment of such by-law shall vest in the Metropolitan Corporation a full, clear and absolute title to the lands as described in such by-law free and clear of all conditions as to use contained in An Act respecting the City of Toronto, being chapter 86 of the Statutes of Ontario, 1903. Existing debenture liability (2) No compensation or damages shall be payable by the Metropolitan Corporation to the City of Toronto for such assumed lands, but the Metropolitan Corporation shall thereafter pay before the due date all amounts of principal and interest becoming due upon any outstanding debentures issued in respect of the property assumed, and subsections 228 (3) and (4) apply with necessary modifications. Use of lands (3) Such assumed lands shall be used, (a) for parks and exhibition purposes; (b) for the purposes of trade centres and trade and agricultural fairs such as, but not limited to, the annual Canadian National Exhibition and Royal Agricultural Winter Fair; (c) for the holding of displays, agricultural activities, sporting events, athletic contests, public entertainments and meetings; (d) for highway, electrical transmission or public utility purposes; or (e) for any other purpose that the City of Toronto may approve. Annual exhibition (4) An exhibition shall be held annually on such assumed lands. Powers under Public Parks Act (5) With respect to the lands so assumed, the Metropolitan Council may exercise all or any of the powers that are conferred on boards of park management by the Public Parks Act and shall have all other powers required for the full and effective use of such assumed lands in accordance with subsection (3). Reconveyance (6) If any of the lands vested by this section in the Metropolitan Corporation cease to be used for the purposes of subsection (3), the Metropolitan Corporation shall thereupon transfer such lands to the City of Toronto, and no compensation or damages shall be payable to the Metropolitan Corporation in respect thereof. Agreements (7) Subject to subsection (8), upon the passing of the by-law referred to in subsection (1), the Metropolitan Corporation shall be responsible for all liabilities of the City of Toronto and is entitled to all benefits under agreements made by or on behalf of the City of Toronto with respect to the use of such assumed lands, and the City of Toronto shall be relieved of any liability thereunder. Idem (8) Subsection (7) does not apply to agreements between the City of Toronto and the Metropolitan Corporation or to agreements for payments in lieu of taxes. Watermains, etc., in assumed lands (9) The City of Toronto may continue to use, maintain, repair, reconstruct and replace watermains, sewers and sewage works in such assumed lands until and unless the areas in which such watermains, sewers and sewage works are located are required by the Metropolitan Corporation, in which case the Metropolitan Corporation shall pay to the City of Toronto such amount as may be agreed upon or, failing agreement, such amount as may be determined by arbitration, and the Expropriations Act applies to any such arbitration. Personal property (10) The Metropolitan Corporation shall pay to the City of Toronto such amount for personal property on such assumed lands or in the buildings thereon as may be mutually agreed upon between the Metropolitan Corporation and the City of Toronto. Agreements (11) The Metropolitan Corporation may enter into agreements with The Board of Governors of Exhibition Place, the Canadian National Exhibition Association, the Royal Agricultural Winter Fair or other persons respecting the use, operation and maintenance of such assumed lands and any buildings or structures on such assumed lands, and any other matter or thing that the Metropolitan Council considers desirable for the full and effective use of such assumed lands, buildings or structures for the purposes set out in subsection (3). Idem (12) The Metropolitan Corporation may enter into agreements with The Board of Governors of Exhibition Place or the Canadian National Exhibition Association appointing the Board or the Association as its agent to carry out any of the powers of the Metropolitan Corporation under this section, and, upon the execution of any such agreement, the Board or the Association, as the case may be, is authorized to exercise such powers, subject to such restrictions as may be set out in the agreement. R.S.O. 1990, c. M.62, s. 229.