137 Bond Street - Encroachment Appeal

The purpose of this report is to request authority to enter into an encroachment agreement with the Owner of 137 Bond Street to permit the construction and encroachment of the tower crane base with concrete foundation piers, grade beams and helical piles within the Gould Street flank of 137 Bond Street.

2. Toronto and East York Community Council direct the General Manager, Transportation Services to extend the Agreement to the new Owner of 137 Bond Street, in the event of a sale or transfer of the property at 137 Bond Street, subject to the prior approval of the General Manager, Transportation Services, and provided in all cases the transferee or assignee enters into an assumption agreement with the City to assume the obligations under the Agreement, as well as the obligations under the construction and licence agreement for the portion of the tower crane base with concrete foundation piers, grade beams, and helical piles within the City right-of-way, in form satisfactory to the City. 3. Toronto and East York Community Council request the City Solicitor to prepare and arrange execution and registration of the Agreement as required by this report.