Item - 2013.EX31.8

The Executive Committee recommends that:

1.         City Council request the Deputy City Manager responsible for the Waterfront Initiative, Waterfront Toronto and the Chief Planner and Executive Director, City Planning to amend the precinct planning boundaries for Cousins Quay and the Film Studio District consistent with Attachment 1 of the report (April 9, 2013) from the Deputy City Manager, Cluster B.

2.         City Council request the Chief Planner and Executive Director, City Planning to coordinate the South of Eastern Strategic Direction with the Port Lands Planning Framework.

3.         City Council request the Deputy City Manager responsible for the Waterfront Initiative in consultation with the Deputy City Manager and Chief Financial Officer and the General Manager of Economic Development and Culture to review existing Toronto Port Lands Company (TPLC) agreements and policies/practices for lands within the Film Studio District to:

a.         outline possible actions required to align these agreements and policies, including use permissions and terms with the Port Lands Acceleration Initiative;

b.         review of the practice that does not permit 'fee simple' ownership; and

c.         report back to the July 3, 2013 Executive Committee meeting with recommendations.

This report provides an update on the status of the Port Lands Acceleration Initiative and includes recommendations that will provide further direction to staff.

The results of the Port Lands Acceleration Initiative (PLAI) were endorsed by City Council at its meeting on October 2, 3, and 4, 2012 with direction for staff from the City of Toronto, Waterfront Toronto, and the Toronto and Region Conservation Authority (TRCA) to continue with the PLAI and complete additional work consistent with City Council's direction. Since October 2012, staff has been developing work plans to complete Phase 2 of the PLAI.

The recommendations within this report provide direction to staff on key issues that have been raised through the development of the work plans for Phase 2, including a request for staff to review agreements between the Toronto Port Lands Company (TPLC) and private interests for lands within the Film Studio District. Alignment of existing agreements with the PLAI is vital to delivering the desired revitalization outcomes.

It is anticipated that staff will provide a final report on the results of the Phase 2 work program in the Q1 2014.