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January 14, 2003
Mayor Mel: This will be my last term
Toronto - Mayor Mel Lastman today announced that this will be his last term in
office during a speech to the Scarborough, North York and Etobicoke Chambers of

"Today, there are 130,000 more jobs in Toronto than there were in 1998, and the
value of construction permits climbed another 17% this year, setting a new
record high of $3.5 billion," Lastman told the crowd of business leaders.

"Today, Toronto's credit rating stands at Aa1, up from Aa2 - and just last
month, LaSalle Investment Management ranked Toronto's economic strength first
in North America.

"I am confident that the foundation we've built is a good one, and that it will
lead to an even greater city. As such, I have decided that this will be my last
year in office, because ladies and gentlemen, Toronto's future is secure."

By the end of 2003, Lastman's career in politics will have spanned 34 years. He
has served 13 consecutive terms - 11 in North York and two in the amalgamated
City of Toronto - making him the longest-serving mayor of any major city in the

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