Agreement with 65 King East GP Inc. or 65 King East LP (Carttera Developments) - streetscape improvements on Colborne Street, Colborne Lane and Leader Lane as part of development of 65 King Street East - by Councillor Kristyn Wong-Tam, seconded by Councillor Joe Cressy

Since that time the developer has expressed interest in expanding the scope of the proposed improvements to include Colborne Lane (an 'L' shaped laneway connecting Colborne Street and Leader Lane) and the south section of Leader Lane between Colborne Street and Wellington Street East. These additional improvements are also consistent with the St. Lawrence Market Neighbourhood Business Improvement Area Master Plan for the local roads bounded by Yonge Street, King Street East, Church Street and Wellington Street East to be transformed over time to reflect the Old Town Character, and to support safe, well designed and highly animated pedestrian focused complete streets. If adopted, this supersedes MM13.19 by expanding the scope of work to include Colborne Lane and the south section of Leader Lane as described above. The Transportation Services Division has scheduled state of good repair work, comprising resurfacing, of these additional two laneways for 2024. Incorporating these improvements as part of the development of 65 King Street East will help to ensure construction is coordinated in this area. The Working Group previously established for construction on Wellington Street East (Yonge Street - Church Street) will also be engaged. It is noted that the developer is currently seeking funding partners to cost-share on this work. Subject to completion of the design and development of funding arrangements to the satisfaction of the General Manager, Transportation Services, the Division has agreed to allocate funding toward the construction of improvement on these two laneways, with the funding allocation to be commensurate with the cost of the scheduled state-of-good-repair at these locations.

the terms and conditions in any agreements shall be to the satisfaction of the General Manager, Transportation Services and in a form satisfactory to the City Solicitor; b. execution of an agreement or agreements for the construction of the proposed state-of-good-repair and streetscape improvements is subject to 65 King East LP satisfying the General Manager, Transportation Services that they have secured sufficient funding to complete the design and construction of the proposed state-of-good-repair and streetscape improvements; c. all relevant City policies as applicable, including the City's Fair Wage Policy, the Labour Trades Construction Obligations in the Construction Industry Policy, and the Declaration of Compliance with Anti-Harassment/Discrimination Legislation Policy, if applicable, shall be complied with in the design of the state-of-good-repair and streetscape improvements; and d. the negotiated fees and costs for all Agreements to design and construct the state-of-good-repair and streetscape improvements shall be fair and reasonable in the opinion of the General Manager, Transportation Services, based on the work involved to implement the improvements and costs for similar work completed in the past.