Authorization to Release Section 37 Funds from the Development at 316 Bloor Street West - by Councillor Dianne Saxe, seconded by Councillor Chris Moise

George Street intersection ( Item MM43.4). The Bloor Street cycle tracks have since become one of the backbones of Toronto's cycling infrastructure, which in turn is key to TransformTO and our climate commitments. Major streets such as Bloor Street are only reconstructed every 50 to 75 years. Much of Bloor Street is now due for reconstruction. This provides an ideal opportunity to construct protected cycle tracks which improve the safety of all road users, and further the city's commitment to Vision Zero. In 2019, Transportation Services and Engineering and Construction Services reconstructed Bloor Street between Bathurst Street and Spadina Avenue, and added bikeway improvements. Since then, Transportation Services has designed and consulted on the reconstruction of the next section of Bloor Street between Spadina Avenue and Avenue Road, including major public realm upgrades such as the bikeways, a protected intersection at St. George Street, green infrastructure, and improvements to on-street parking at the Royal Museum of Ontario. The tender call for this work is completed and awaiting award. Construction is planned for summer 2023. As contract bids were 43 percent higher than the approved capital budget, this Motion will authorize costs for the bikeways and public realm improvements to be supplemented by Section 37 contributions. This request is urgent as the release of Section 37 funds is required to ensure this project can proceed to construction in 2023.

Section 37 community benefits secured for streetscape improvement from the development at 316 Bloor Street West, in the amount of $253,707 (Source Account: XR3026- 3701256); and b. Section 37 community benefits secured for public realm improvements from the development at 316 Bloor Street West in the amount of $1,496,293 (Source Account: XR3026 - 3701256).