16, 20 and 26 Cosburn Avenue - Zoning By-law Amendment and Rental Housing Demolition Application - Decision Report - Approval

3. City Council approve the Rental Housing Demolition Application File 22 139212 STE 14 RH in accordance with Chapter 667 of the Toronto Municipal Code and pursuant to Section 111 of the City of Toronto Act, 2006 , which allows for the demolition of thirty (30) existing rental dwelling units located at 20 Cosburn Avenue, subject to the following conditions: a. the Owner shall provide and maintain thirty (30) replacement rental dwelling units on the subject site for a period of at least 20 years beginning from the date that each replacement rental dwelling unit is first occupied and, during which time, no application may be submitted to the City for condominium registration, or for any other conversion to a non-rental housing purpose, or for demolition without providing for replacement during the, at minimum, 20 year period; the thirty (30) replacement rental dwelling units shall be comprised of nine (9) studio units, fourteen (14) one-bedroom units, and seven (7) two-bedroom units as generally illustrated on the plans submitted to the City Planning Division dated March 14, 2023. Any revision to these plans shall be to the satisfaction of the Chief Planner and Executive Director, City Planning Division; b. the Owner shall, as part of the thirty (30) replacement rental dwelling units required in Part 3.a. above, provide at least nine (9) studio units, twelve (12) one-bedroom units, and six (6) two-bedroom units replacement rental dwelling units at affordable rents, defined as gross monthly rent no greater than one times the average City of Toronto rent by unit type, as reported annually by the Canada Mortgage and Housing Corporation and two (2) one-bedroom units and one (1) two-bedroom unit at mid-range rents, defined as gross monthly rent that exceeds Affordable Rent but is no greater than 1.5 times the average City of Toronto rent by unit type, as reported annually by the Canada Mortgage and Housing Corporation, all for a period of at least 10 years beginning from the date of first occupancy of each unit; c. the Owner shall provide an acceptable Tenant Relocation and Assistance Plan for all Eligible Tenants of the thirty (30) existing rental dwelling units proposed to be demolished at 20 Cosburn Avenue, addressing the right to return to occupy one of the replacement rental dwelling units at similar rents and other assistance to mitigate hardship; the tenant relocation and assistance plan shall be developed in consultation with, and to the satisfaction of, the Chief Planner and Executive Director, City Planning; d. the Owner shall provide Tenant Relocation and Assistance to all Post Application Tenants, all to the satisfaction of the Chief Planner and Executive Director, City Planning Division; e. the Owner shall provide tenants of all thirty (30) replacement rental dwelling units with access to, and use of, all indoor and outdoor amenities in the proposed 25-storey residential building at no extra charge. Access to, and use of, these amenities shall be on the same terms and conditions as any other resident of the building without the need to pre-book or pay a fee, unless specifically required as a customary practice for private bookings; f. the Owner shall provide ensuite laundry facilities in each replacement rental dwelling unit within the proposed residential building at no additional cost to tenants; g. the Owner shall provide central air conditioning in each replacement rental dwelling unit within the proposed residential building at no additional cost; h. the Owner shall provide and make available for rent a minimum of five (5) vehicle parking spaces to tenants of the replacement rental dwelling units; i. the Owner shall provide tenants of the thirty (30) replacement rental dwelling units with access to bicycle parking, visitor parking, and storage lockers on the same terms and conditions as any other resident of the proposed residential building; and j. the Owner shall enter into and register on title at 16-26 Cosburn Avenue one or more agreements, to secure the conditions outlined in Parts 3.a through 3.i above, including an agreement pursuant to Section 111 of the City of Toronto Act, 2006 , all to the satisfaction of the City Solicitor and the Chief Planner and Executive Director, City Planning Division. 4. City Council authorize the Chief Planner and Executive Director, City Planning Division, to issue Preliminary Approval of the Rental Housing Demolition Permit under Chapter 667 of the Toronto Municipal Code for the demolition of the thirty (30) existing rental dwelling units located at 20 Cosburn Avenue after all the following have occurred: a. all conditions in Part 3 above have been fully satisfied and secured; b. the Zoning By-law Amendment has come into full force and effect; c. the issuance of the Notice of Approval Conditions for site plan approval by the Chief Planner and Executive Director, City Planning Division, or their designate, pursuant to Section 114 of the City of Toronto Act , 2006; d. the issuance of excavation and shoring permits (conditional or full permit) for the approved development on the site; and e. the Owner has confirmed, in writing, that all existing rental dwelling units proposed to be demolished are vacant. 5. City Council authorize the Chief Building Official and Executive Director, Toronto Building to issue a Rental Housing Demolition Permit under Chapter 667 of the Toronto Municipal Code after the Chief Planner and Executive Director, City Planning Division has given Preliminary Approval referred to in Part 4 above. 6. City Council authorize the Chief Building Official and Executive Director, Toronto Building to issue a Residential Demolition Permit under Section 33 of the Planning Act and Chapter 363 of the Toronto Municipal Code for 16-26 Cosburn Avenue after the Chief Planner and Executive Director, City Planning Division has given Preliminary Approval referred to in Part 5 above, which may be included in the Rental Housing Demolition Permit under Chapter 667 pursuant to Section 6.2 of Chapter 363, on condition that: a. the Owner removes all debris and rubble from the site immediately after demolition; b. the Owner erects solid construction hoarding to the satisfaction of the Chief Building Official and Executive Director, Toronto Building; c. the Owner erects the proposed residential building on site no later than four (4) years from the date that the demolition of such building commences, subject to the timeframe being extended at the discretion of the Chief Planner and Executive Director, City Planning Division; d. should the Owner fail to complete the proposed residential building within the time specified in Part 6.c. above, the City Clerk shall be entitled to enter on the collector's roll, as with municipal property taxes, an amount equal to the sum of twenty thousand dollars ($20,000.00) per dwelling unit for which a demolition permit is issued, and that such amount shall, until payment, be a lien or charge upon the land for which the demolition permit is issued; and e. City Council authorize the appropriate City officials to take such actions as are necessary to implement City Council's decision, including execution of the Section 111 Agreement, and any other necessary agreements. 7. City Council request the Mayor, in consultation with the Chief Financial Officer and Treasurer, through the budget process to consider prioritization of the equivalent of the 4 percent of land value payable under the Community Benefits By-law for this site be allocated towards affordable housing in Ward 14 - Toronto-Danforth. 8. City Council direct the Executive Director, Housing Secretariat and the Chief Financial Officer and Treasurer, to explore additional opportunities for investment in affordable housing in Ward 14 Toronto-Danforth.