333 College Street and 303 Augusta Avenue - Community Benefits Charge In-kind Offer

and the City Solicitor, to work with the applicant to finalize an in-kind community benefit contribution pursuant to Section 37(6) of the Planning Act, of up to forty (40) percent of the Community Benefits Charges value, to provide such genealogical and/or other research as the City may require to support bringing into City ownership the lanes that abut 333 College Street (known as Ellen Avenue) and the lanes that abut and provide emergency access to Kensington Community School, and to provide lighting, paving, and public realm improvements for such lanes to the reasonable satisfaction of Transportation Services, and to report back to City Council for further instruction, if required. Council also requested the Mayor, as part of the Budget process, to allocate sixty (60) percent of the Community Benefits Charges funds collected from the development at 333 College Street to the Toronto Community Housing Corporation for capital upgrades to Toronto Community Housing Corporation affordable housing properties in Ward 11, in consultation with the local Councillor. The purpose of this report is to report back to City Council on the agreed-to CBC in-kind contribution that will be used toward paving the lane adjacent to the site (known as Ellen Avenue) in concrete to City standards, including related subgrade work, and genealogical or other research to support bringing Ellen Avenue and the lanes that abut and provide emergency access to Kensington Community School into City ownership. Staff have determined that the value of the Community Benefits Charge would not be sufficient to achieve improvements to the lane abutting and providing access to Kensington Community School in addition to the work on Ellen Avenue. Potential future acquisition of these lanes by the City would allow for further opportunities for the city to implement improvements.

pave Ellen Ave in concrete to City standards to the satisfaction of Transportation Services, including necessary below-grade work as specified in the offer dated March 13, 2026; b. provide to the City the following searches in support of bringing the lane abutting 333 College Street (i.e. Ellen Avenue) and the lanes that abut and provide emergency access to Kensington Community School into City ownership, to the satisfaction of the City Solicitor: i. the execution and genealogy searches as further specified in the offer dated March 13, 2026 ii. the title searches of adjacent properties as further specified in the offer dated March 13, 2026 3. City Council attribute a value to the in-kind contribution set out in Recommendation 2 equal to forty-eight percent (48 percent) of four percent (4 percent) of the value of the land (net of any exclusions or exemptions authorized under the Community Benefits Charge By-law), as determined the day before the day the building permit is issued in respect of the development and direct staff to advise the owner of such valuation. 4. City Council request the Mayor, as part of the Budget process, to revise the percentage of the Community Benefits Charges funds collected from the development at 333 College Street to be allocated to the Toronto Community Housing Corporation for capital upgrades to Toronto Community Housing Corporation affordable housing properties in Ward 11, in consultation with the local Councillor, from sixty percent (60 percent) to fifty-two percent (52 percent). 5. City Council authorize the Executive Director, Development Review to enter into an Agreement pursuant to subsection 37(7.1) of the Planning Act (the "In-kind Contribution Agreement") to address the provision of the in-kind contribution identified in Recommendation 2 to the satisfaction of the Chief Planner and Executive Director, City Planning and the City Solicitor, with such agreement to be registered on title to the lands, which agreement shall be evidence of arrangements for the provision of the in-kind contribution that are satisfactory to City Council.