Authorization to Release Section 37 Funds to Toronto Parking Authority for installation of an E-Station at Toronto Parking Authority Carpark 195 at 15 Price Street - by Councillor Dianne Saxe, seconded by Councillor Josh Matlow

Currently Bike Share Toronto has a fleet of 1825 e-bikes, with just over 400 e-docks installed. Our target for 2023 is to expand our charging capacity to 700 e-bike charging docks. This will ensure that more e-bikes are available to the public to use. E-Bikes are incredibly popular with our customers and the public, averaging between 6-8 times more rides per day than a regular bike. Currently the system is averaging 16,000-18,000 e-bike trips per week, with projected ridership of 40,000-45,0000 by next spring if Toronto Parking Authority is able to install the necessary charging capacity. The specific station at 15 Price Street will allow the Toronto Parking Authority to install an additional 15 e-bike charging docks. This particular station will also provide the community with a much-needed e-bike station. This area is currently underserved from bike share, whereby the demand for our services far outpaces the supply of bikes/stations. In addition, due to the topography of the area, the e-bike station located here is predicted to be heavily used for those who travel up-down Yonge Street and the surrounding areas. Section 37 funds are being requested to fund the construction required to upgrade the power to 200A, install a new electrical box, excavate and trench the electrical conduit to bring power and install the station. The project will also replace 12 lights on poles with LED lighting. As indicated above, this particular station will greatly serve the community, as it will provide residents with an easily accessible e-bike station located on Green P property, near transit and major retails and residential areas. Construction will take about 3 weeks to complete. Toronto Parking Authority aims to have this station functioning by November 30th, 2023.

Section 37 community benefits secured for a future bike-share station from the development at 10 and 14 Prince Arthur Avenue, in the amount of $46,340.13 (Source Account: 220096); and b. Section 37 community benefits secured for bicycle facilities from the development at 245-255 College Street and 39 and 40 Glasgow Street, in the amount of $38,659.87 (Source Account: XR3026-3700679).