Authorization to Amend Section 37 Agreement on Timing of Obligations in Response to Committee of Adjustment Application Regarding 1141 Bloor Street West, 980 Dufferin Street, 90 Croatia Street - by Councillor Alejandra Bravo, seconded by Councillor Paula Fletcher

The timing of the conveyance of the new park and new public street was secured in the applicable zoning by-law and Section 37 agreement. The Owner of the aforementioned lands has submitted an application to the Committee of Adjustment for variances to modify the timing of the conveyance of the new park and new public street. Council approval is required to amend the Section 37 agreement should the variances be approved by the Committee of Adjustment. This motion will provide staff if the authority to amend the existing Section 37 agreement to reflect the revised timing and ensure the agreement is consistent with the variances, and any other necessary amendments that may be required to implement these changes. In a report to the Committee of Adjustment, attached as Attachment "1", Planning staff have recommended the Committee of Adjustment impose conditions imposing additional financial securities for the conveyances of the park and the street to ensure that the City's interest will be protected through the process, and requiring the owner to enter into an amending Section 37 agreement and to register the amended agreement on the subject lands. The Owner has agreed to these conditions. Nothing in this motion will fetter the consideration of variance application by the Committee of Adjustment.

Section 1 of Schedule 17 of the COVID-19 Economic Recovery Act, 2020 came into force), to make amendments to the existing Section 37 Agreement registered on title to the lands as Instrument AT5850352 to implement the Committee's decision in a manner, content and form satisfactory, all to the satisfaction of the City Solicitor and the Chief Planner and Executive Director, City Planning.