Development Charges Credit for New Park Secured Through Development Application at 250 Lawrence Avenue West - by Councillor Mike Colle, seconded by Councillor Brad Bradford

As part of this development, the Owner will be dedicating a 397.80 square metre on-site park on the north-east corner of their site, municipally known as 219 Glengarry Avenue, to satisfy their parkland dedication requirements. The development charge credit will be secured in the Section 37 Agreement. The Owner has requested City Council's approval to design and build the above base park improvements for the new park. In order to do so, the Parks, Forestry and Recreation's component of the development charges, paid upon issuance of building permit, would be required to be directed to the above base park improvements. Parks, Forestry and Recreation is agreeable to have the Owner design and build out the park, in consultation with Parks, Forestry and Recreation. The new park will be designed in consultation with the local community and the Ward Councillor. This Matter is deemed urgent as the Section 37 Agreement must be executed prior to the issuance of the final Order by the Local Planning Appeal Tribunal.

charge credit shall be in an amount that is the lesser of the cost to the Owner of designing and constructing the Above Base Park Improvements, as approved by the General Manager, Parks, Forestry and Recreation, and the Parks and Recreation component of development charges payable for the development in accordance with the City's Development Charges By-law, as may be amended from time to time.