Authorization to Accept and Approve A Development Charge Credit for the Design of the Future Park at 840-860 Dupont Street - by Councillor Mike Layton, seconded by Councillor Ana Bailão

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The decision

2022-05-11 · Toronto City Council · adopted

As filed

City Council on May 11 and 12, 2022, adopted the following: 1. City Council approve the acceptance of on-site parkland dedication as previously authorized in Item 2016.CC17.1 adopted by City Council on March 31 and April 1, 2016 for the lands municipally known as 840-860 Dupont Street, subject to the owner transferring the parkland to the City free and clear, above and below grade, of all easements, encumbrances, and

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encroachments, in an acceptable environmental condition; the owner may propose the exception of encumbrances of tiebacks and such other encumbrances, if any, where such encumbrances are deemed acceptable by the General Manager, Parks, Forestry and Recreation, in consultation with the City Solicitor; and such encumbrances will be subject to the payment of compensation to the City, in an amount as determined by the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management. 2. City Council approve a development charge credit against the Parks and Recreation component of the Development Charges for the design and construction by the owner of the Above Base Park Improvements to the new park to be dedicated on the southwest corner of the site at 840-860 Dupont Street, all to the satisfaction of the General Manager, Parks, Forestry and Recreation; the development 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 the Development Charges payable for the development in accordance with the City's Development Charges By-law, may be amended from time to time.

On the agenda

As the city filed it

City Council has previously authorized a parkland dedication from the development at 840-860 Dupont Street and as the site proceeds to the next stage, City Council has the opportunity to accept a portion of these lands. The parkland dedication is approximately 700 square metres and being built as part of a residential development project in just north of Christie Pits. The City is planning to engage local residents and community members to help determine the park design in the months ahead.

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Parks Development and Capital Projects has additionally suggested approving a development charge credit against the Parks and Recreation component of the Development Charges for the design and construction by the owner of the Above Base Park Improvements to the new park and will contribute to seeing this park being made available to the public, and future tenants as quickly as possible.

Staff recommended

Councillor Mike Layton, seconded by Councillor Ana Bailão, recommends that: 1. City Council approve the acceptance of on-site parkland dedication as previously authorized in Item 2016.CC17.1 adopted by City Council on March 31 and April 1, 2016 for the lands municipally known as 840-860 Dupont Street, subject to the owner transferring the parkland to the City free and clear, above and below grade, of all easements,

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encumbrances, and encroachments, in an acceptable environmental condition; the owner may propose the exception of encumbrances of tiebacks and such other encumbrances, if any, where such encumbrances are deemed acceptable by the General Manager, Parks, Forestry and Recreation, in consultation with the City Solicitor; and such encumbrances will be subject to the payment of compensation to the City, in an amount as determined by the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management. 2. City Council approve a development charge credit against the Parks and Recreation component of the Development Charges for the design and construction by the owner of the Above Base Park Improvements to the new park to be dedicated on the southwest corner of the site at 840-860 Dupont Street, all to the satisfaction of the General Manager, Parks, Forestry and Recreation; the development 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 the Development Charges payable for the development in accordance with the City's Development Charges By-law, may be amended from time to time.

On the record

The item as the City filed it

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