Item - 2020.MM23.29
Tracking Status
- City Council adopted this item on July 28 and 29, 2020 without amendments.
MM23.29 - 391 Cherry Street - Development Charges Early Payment Agreement - by Councillor Ana Bailão, seconded by Councillor Kristyn Wong-Tam
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 9 - Davenport
City Council Decision
City Council on July 28 and 29, 2020, adopted the following:
1. City Council authorize the Chief Building Official and Executive Director, Toronto Building, in consultation with the Chief Financial Officer and Treasurer, to enter into a Development Charges Early Payment Agreement to allow for development charges for the project located at 391 Cherry Street to be calculated, payable and collected as of the date of the issuance of the first conditional building permit, which is the structural permit in respect of this project; the agreement to be in a form acceptable to the Chief Financial Officer and Treasurer and the City Solicitor.
2. City Council authorize the Chief Building Official and Executive Director, Toronto Building, in consultation with the Chief Financial Officer and Treasurer and the City Solicitor, to include any provisions in the agreement, as deemed appropriate, to protect the City's financial interests related to this project.
3. City Council direct and authorize the appropriate City staff to take the necessary action to give effect to City Council's decision.
Background Information (City Council)
Motions (City Council)
That Councillor Bailão be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
391 Cherry Street - Development Charges Early Payment Agreement
Reason for Urgency:
This Motion is urgent because the developer wishes to pay the applicable development charges at time of issuance of the first conditional permit for the project.