Item - 2020.EY15.1

Etobicoke York Community Council recommends that:

1.  City Council authorize the City Solicitor to amend the Section 37 and the Section 111 agreements registered on title to the existing rental building located at 289 The Kingsway to remove the rental replacement obligations in those agreements, all to the satisfaction of the City Solicitor and the Chief Planner and Executive Director, City Planning.

The purpose of this report is to seek authority from City Council to amend the existing Section 111 and Section 37 agreements (the "Agreements") on the properties at 289 and 291 The Kingsway and 1, 3, 5 and 7 St. Steven Court. The agreements were registered in accordance with the April 24, 2018 City Council decision to approve a Rental Housing Demolition Application under Chapter 667 of the Municipal Code for the consolidated development site at 289 and 291 The Kingsway and 1, 3, 5 and 7 St. Steven Court (Item EY29.1).

The proposed amendments are to lift the rental replacement obligations in the Agreements from the existing rental building at 289 The Kingsway. All other obligations in the Agreements that relate to the existing rental building at  289 The Kingsway, including the restriction against converting the existing 73 rental dwelling units to condominium tenure for a period of twenty years, will continue to remain on title.  The remainder of the development site, which will contain four new residential buildings, will continue to be subject to the rental replacement obligations in the Agreements.