Item - 2022.NY32.19

North York Community Council recommends that:

1. City Council assume the services installed within Queen Magdalene Place, and that the City formally assume the road within Registered Plan of Subdivision 66M-2534.

2. City Council authorize the Director, Engineering Review, Engineering and Construction Services, to release the performance guarantee held with respect to municipal services in accordance with the Subdivision Agreement.

3. City Council direct that an assumption By-law be prepared to assume the public highways and municipal services within Registered Plan of Subdivision 66M-2534.

4. City Council authorize and direct the City Solicitor to register the assumption By-law in the Land Registry Office at the expense of the Owner.

5. City Council authorize the appropriate City Officials to take necessary action to give effect to Council's decision, including signing any release or other documentation as may be necessary.

6. City Council authorize the appropriate City Officials to transfer ownership of the street lighting system constructed within Registered Plan of Subdivision 66M-2534 to Toronto Hydro.

This report recommends that the municipal services installed under the terms of the Subdivision Agreement between Livante Holdings (155 McNicoll) Inc. and the City of Toronto for Plan 66M-2534, dated February 2, 2016, be assumed by the City.