Item - 2007.PE11.3
Tracking Status
- This item will be considered by Parks and Environment Committee on November 28, 2007. It will be considered by City Council on December 11, 2007, subject to the actions of the Parks and Environment Committee.
PE11.3 - Alternative Parkland Dedication By-law
- Consideration Type:
- ACTION
- Wards:
- All
Origin
Recommendations
The General Manager of Parks, Forestry and Recreation recommends that:
1. The City Solicitor be authorized to introduce a Bill to amend Municipal Code, Chapter 415, Development of Land, to provide for the Official Plan alternative parkland dedication rate of 0.4 hectares per 300 units that will be applied to proposals for residential development and for the residential portion of mixed use development in the parkland acquisition priority areas identified in Attachment 1 to this report and in accordance with Official Plan policies.
Summary
The Alternative Parkland Dedication By-law will apply to residential development in the residential portion of mixed use development in areas of the City where parkland acquisition priority areas have been identified.
Financial Impact
The alternative Parkland Dedication By-law will have a financial impact through cash-in-lieu parkland dedication payments through the alternative rate structure. Details of this financial impact are being assessed and will be included in a report to the Parks and Environment Committee after the first quarter of 2008.
The Deputy City Manager and Chief Financial Officer has reviewed this report and agrees with the financial impact information.
Background Information
https://www.toronto.ca/legdocs/mmis/2007/pe/bgrd/backgroundfile-8852.pdf
Attachment 1(a) - Parkland Acquisition Priority Areas
https://www.toronto.ca/legdocs/mmis/2007/pe/bgrd/backgroundfile-8925.pdf