20, 40, 50, 70, 80 and 100 Cowdray Court Zoning By-law Amendment and Draft Plan of Subdivision Applications - Decision Report - Approval

The subject lands currently contain 4 commercial buildings and are approximately 6.6 hectares in size. The subject lands are located within the Agincourt Secondary Plan and subject to Site and Area Specific Policy 4 (SASP 4) which implements the Mixed Use Areas designation on the subject lands and provides for development criteria to guide their redevelopment. In addition to the development permissions set out above, the proposal will expand the existing Collingwood Park and reserves lands to facilitate the construction of a new, north-south road that will eventually be part of a connection between Village Green Square to Sheppard Avenue East. The proposed development is consistent with the Provincial Planning Statement (2024) (PPS). The proposed development also conforms to the City's Official Plan and delivers key city building priorities, including a mixture of housing units, non-residential uses, parkland and the realization of a road network that will improve connections and expand the existing local transportation network. This report reviews and recommends approval of the application to amend the Zoning By-law. It also seeks the necessary authorization to enter into appropriate agreements with the Owner to facilitate land exchanges to realign Cowdray Court and create more rational development blocks fronting the new north-south connection. Finally, this report advises that the Executive Director, Development Review, acting under delegated authority, intends to approve the Draft Plan of Subdivision necessary to advance the comprehensive redevelopment of the subject lands.

3. City Council direct the Director, Real Estate Services to enter into a Land Exchange Agreement with the Owner on terms satisfactory to the Director, Real Estate Services in a form satisfactory to the City Solicitor. 4. City Council direct that all steps necessary to comply with the City's real estate disposal process, as set out in Article 1, Chapter 213 of the City of Toronto Municipal Code, Real Property, be taken to implement Recommendation 3 above. 5. City Council approve that in accordance with Section 51 of the Planning Act as a component of the Registration of Plan of Subdivision, the Owner shall convey to the City, an on-site parkland dedication, having a minimum size of 6,224 square metres, to the satisfaction of the Executive Director, Development Review and the City Solicitor. 6. City Council approve the acceptance of on-site parkland dedication, subject to the Owner transferring the parkland to the City free and clear, above and below grade, of all easements, encumbrances, and encroachments, in an acceptable environmental condition; the owner may propose the exception of encumbrances of tiebacks, where such encumbrance is deemed acceptable by the Executive Director, Development Review, in consultation with the City Solicitor, and such an encumbrance will be subject to the payment of compensation to the City, in an amount as determined by the Executive Director, Development Review, and the Executive Director, Corporate Real Estate Management. 7. City Council approve a development charge credit against the Parks and Recreation component of the Development Charges for the design and construction by the owner of the Above Base Park Improvements to the satisfaction of the General Manager, Parks and Recreation (P and R). The development charge credit shall be in an amount that is the lesser of the cost to the owner of designing and constructing the Above Base Park Improvements, as approved by the General Manager, P and R, and the Parks and Recreation component of development charges payable for the development in accordance with the City's Development Charges By-law, as may be amended from time to time. 8. City Council direct the Owner to convey the 4,695 square metres identified as Block 10 in the Draft Plan of Subdivision, free and clear, above and below grade all physical obstructions and easements, encumbrances and encroachments, including surface and subsurface easements as a condition of approval of the Draft Plan of Subdivision, to the satisfaction of the Executive Director of Environment, Climate and Forestry. 9. City Council direct the owner to fulfill all environmental obligations and associated terms and improvements, including, but not limited to implementation of the Ecological Management and/or Stewardship Plans and associated plantings of Block 10 pursuant to conditions of approval of the Draft Plan of Subdivision, to the satisfaction of the Executive Director of Environment, Climate and Forestry. 10. City Council direct the Executive Director, Development Review, in consultation with the local Ward Councillor and the City Solicitor to continue to work with the applicant to bring forward an in-kind community benefit offer, pursuant to 37(6) of the Planning Act, for the provision of new affordable rental housing and/or community service facilities, and to report back to City Council if an offer is made. 11. In accordance with the delegated approval under Section 415-16 of the Toronto Municipal Code, as amended, City Council be advised that the Executive Director, Development Review intends to approve the Draft Plan of Subdivision as generally illustrated in Attachment 14 subject to: a. draft approval conditions which must be fulfilled prior final approval and the release of the Plan of Subdivision for registration; and b. any such revisions to the proposed subdivision plan or any such additional modified conditions as the Executive Director, Development Review may deem to be appropriate to address matters arising from the on-going technical review of this development. 12. Council direct the Owner to enter into a financially secured Agreement(s) to relocate all City infrastructure, to the satisfaction of the General Manager, Toronto Water and the Director, Engineering Review, Development Review Division.