1141 Bloor Street West, 980 Dufferin Street, and 90 Croatia Street - Official Plan Amendment - Decision Report - Approval

minor variances to the size of the community hub in Site-specific Zoning By-law 700-2021 (Ontario Land Tribunal) for the lands at 1141 Bloor Street West, 980 Dufferin Street, and 90 Croatia Street, City Council require the Owner to enter into an Amending Section 37 Agreement, pursuant to Section 37 of the Planning Act (as it read the day before the date 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. 3. City Council authorize the City Solicitor to make such stylistic and technical changes to the draft Official Plan Amendment as may be required. 4. Subject to Part 2 above, City Council also require the owner to enter into an Amending Section 37 Agreement pursuant to the former Section 37 of the Planning Act to secure the following: a. prior to residential occupancy of the final building erected on the lands, an indexed cash contribution of $490,000.00 to be paid by the owner to the City, to be allocated towards local improvements to cultural facilities and other community facilities in Ward 9 provided that purpose is identified in the Toronto Official Plan and will benefit the community, to the satisfaction of the Chief Planner and Executive Director, City Planning, in consultation with the Ward Councillor; b. the cash contribution set out in Part 4.a. above shall be indexed upwardly in accordance with the Statistics Canada Building Construction Price Index for the Toronto Census Metropolitan Area, reported quarterly by Statistics Canada in Building Construction Price Indexes Table: 18-10-0135-01, or its successor, calculated from the date the requested variances contemplated in Variance Application A0279/24TEY are final and binding to the date of payment; and c. in the event the cash contribution in Part 4.a. above has not been used for the intended purpose within three (3) years of the variance decision being final and binding, the cash contribution may be redirected for another purpose(s), at the discretion of the Chief Planner and Executive Director, City Planning, in consultation with the Ward Councillor, provided that the purpose is identified in the Official Plan and will benefit the community in the vicinity of the site.