Item - 2023.CC2.22

City Council on December 14 and 15, 2022, adopted the following:

1. City Council amend 2022-2031 Approved Capital Budget and Plan for the Parks, Forestry and Recreation for the sub-project known as Acquisition of Land in Vicinity of 1500 St. Clair Avenue West sub-project in the Land Acquisition project, to be funded by the Section 42 First 5 percent South District Parkland Acquisition Cash-in-lieu reserve fund (Account: XR2208) in addition to the Section 42 Above 5 percent Cash-in-lieu (XR2213) previously allocated as per MM47.83, outlined in Confidential Attachment 1 to the report (December 1, 2022) from the General Manager, Parks, Forestry and Recreation for the purpose of reimbursing St. Clair Caledonia Partnership the value in excess of the total required parkland dedication value for the purchase of three properties within the vicinity of the development at 1500 St. Clair Avenue West as an obligation of the off-site parkland dedication.

2. City Council authorize the General Manager, Parks, Forestry and Recreation to reimburse the value in excess of the total required parkland dedication value for the purchase of three properties by St. Clair Caledonia Partnership, as described in Confidential Attachment 1 to the report (December 1, 2022) from the General Manager, Parks, Forestry and Recreation from the 2022-2031 Approved Capital Budget and Plan for Parks, Forestry and Recreation from the Acquisition of Land in Vicinity of 1500 St. Clair Avenue West sub-project to St. Clair Caledonia Partnership, upon completion of the purchase and conveyance to the City of all three properties within the vicinity of the development at 1500 St. Clair Avenue West as an obligation of the off-site parkland dedication requirement.

3. City Council authorize the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management, in consultation with the City Solicitor, to secure the terms and conditions related to the reimbursement in the Section 37 Agreement, on terms and conditions acceptable to the Executive Director, Corporate Real Estate Management, and in a form satisfactory to the City Solicitor.

4. City Council authorize the public release of Confidential Attachment 1 to the report (December 1, 2022) from the General Manager, Parks, Forestry and Recreation upon completion of the conveyance to the City of all three properties within the vicinity of the development at 1500 St. Clair Avenue West, and upon the issuance of the reimbursement, to the satisfaction of the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management, in consultation with the City Solicitor.

Confidential Attachment 1 to the report (December 1, 2022) from the General Manager, Parks, Forestry and Recreation remains confidential at this time in accordance with the provisions of the City of Toronto Act, 2006, as it pertains to a proposed acquisition of land for parkland purposes by the City of Toronto. Confidential Attachment 1 to the report (December 1, 2022) from the General Manager, Parks, Forestry and Recreation will be made public upon completion of the conveyance to the City of all three properties within the vicinity of the development at 1500 St. Clair Avenue West, and upon the issuance of the reimbursement, to the satisfaction of the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management, in consultation with the City Solicitor.