Amending Item 2025.TE19.8 - 1 to 19 Thelma Avenue - Rental Housing Demolition Application - Decision Report - Approval - by Councillor Josh Matlow, seconded by Councillor Mike Colle

In order to advance construction of an approved 7-storey apartment building on the existing site, this motion recommends amending requirements to register certain agreements at the off-site rental replacement location and the draw upon conditions for financial securities. This motion is urgent as the condition of the vacant properties poses health and safety concerns for the community and demolition is urgently required.

the owner shall enter into, and register on title to the lands at 1-19 Thelma Avenue and 2470 Bayview Avenue, Agreements pursuant to Section 111 of the City of Toronto Act, 2006, to secure the conditions outlined in Parts 1.a. to 1.h. above, to the satisfaction of the City Solicitor and the Chief Planner and Executive Director, City Planning; and j. the owner has registered, to the satisfaction of the City Solicitor, a Section 118 restriction under the Land Titles Act agreeing not to transfer or charge any part of the lands at 1-19 Thelma Avenue and 2470 Bayview Avenue, without prior written consent of the Chief Planner and Executive Director, City Planning, or their designate. and replacing them with the following new parts: i. the owner shall enter into, and register on title to the lands at 1-19 Thelma Avenue, an Agreement pursuant to Section 111 of the City of Toronto Act, 2006, to secure the conditions outlined in Parts 1.a. to 1.h. above, to the satisfaction of the City Solicitor and the Chief Planner and Executive Director, City Planning; and j. the owner has registered, to the satisfaction of the City Solicitor, a Section 118 restriction under the Land Titles Act agreeing not to transfer or charge any part of the lands at 1-19 Thelma Avenue, without prior written consent of the Chief Planner and Executive Director, City Planning, or their designate. b. deleting part 2.c.i.: 2. City Council authorize the Chief Planner and Executive Director, City Planning, or their designate, to issue Preliminary Approval of the Rental Housing Demolition Permit under Chapter 667 of the Toronto Municipal Code for the demolition of the 11 rental dwelling units located at 1-19 Thelma Avenue after all the following have occurred: c. the owner has provided a Letter of Credit for a portion of the value of the cost of the replacement housing required in Part 1 ("Financial Security") above, in a form and in an amount satisfactory to the City, and such security shall not be released until the replacement housing is ready and available for occupancy, to the satisfaction of the Chief Planner and Executive Director, City Planning; the Financial Security may be drawn upon and used towards the provision of affordable and/or mid-range rental housing in the City if the replacement housing is not ready and available for occupancy prior to the earlier of: Part to be deleted: i. a new dwelling unit erected in the new residential building 1-19 Thelma Avenue is ready and available for occupancy; or and replacing it with the following new part: i. the issuance of an above-grade grade building permit for 1-19 Thelma Avenue where an above-grade building permit has not been issued on an alternative off-site replacement site; or