Item - 2023.EX9.4

Tracking Status

  • City Council adopted this item on November 8, 2023 without amendments and without debate.
  • This item was considered by the Executive Committee on October 31, 2023 and adopted without amendment. It will be considered by City Council on November 8, 2023.

EX9.4 - Development Charges Credit - 334 - 350 Bloor Street West

Decision Type:
ACTION
Status:
Adopted on Consent
Ward:
11 - University - Rosedale

City Council Decision

City Council on November 8 and 9, 2023, adopted the following:

 

1. City Council approve a development charge credit against the Transit component of the development charges payable for the proposed development located at 334-350 Bloor Street West for the cost of the design and construction by the owner of the expansion of the concourse level of the Spadina Station discussed in the report (October 17, 2023) from the Chief Planner and Executive Director, City Planning and the Controller; the development charge credit shall be in an amount that is the lesser of the eligible cost to the owner of designing and constructing the improvements to Spadina Station, to the satisfaction of the Toronto Transit Commission, and the Transit component of development charges payable for the development.

 

2. City Council authorize appropriate City officials to take such actions as are necessary to implement City Council’s decision, including amending the Section 37 Agreement to give effect to the credit in Part 1 above, and adding any additional provisions in the agreement necessary to protect the interests of the City and ensure the completion of the capital works in a timely and effective manner that is integrated with the overall plans for the station.

Background Information (Committee)

(October 17, 2023) Report and Attachment 1 from the Chief Planner and Executive Director, City Planning and the Controller on Development Charges Credit - 334-350 Bloor Street West
https://www.toronto.ca/legdocs/mmis/2023/ex/bgrd/backgroundfile-240054.pdf

Communications (Committee)

(October 25, 2023) Letter from Councillor Dianne Saxe (EX.Supp)
https://www.toronto.ca/legdocs/mmis/2023/ex/comm/communicationfile-173207.pdf

EX9.4 - Development Charges Credit - 334 - 350 Bloor Street West

Decision Type:
ACTION
Status:
Adopted
Ward:
11 - University - Rosedale

Committee Recommendations

The Executive Committee recommends that:  

 

1.  City Council approve a development charge credit against the Transit component of the development charges payable for the proposed development located at 334-350 Bloor Street West for the cost of the design and construction by the owner of the expansion of the concourse level of the Spadina Station discussed in the report (October 17, 2023) from the Chief Planner and Executive Director, City Planning and the Controller; the development charge credit shall be in an amount that is the lesser of the eligible cost to the owner of designing and constructing the improvements to Spadina Station, to the satisfaction of the Toronto Transit Commission, and the Transit component of development charges payable for the development.

 

2.  City Council authorize appropriate City officials to take such actions as are necessary to implement City Council’s decision, including amending the Section 37 Agreement to give effect to the credit in Recommendation 1 above, and adding any additional provisions in the agreement necessary to protect the interests of the City and ensure the completion of the capital works in a timely and effective manner that is integrated with the overall plans for the station.

Origin

(October 17, 2023) Report from the Chief Planner and Executive Director, City Planning and the Controller

Summary

This report recommends that City Council approve a development charge credit for the Spadina Subway improvements to be completed by an adjacent developer. 

 

The improvements are part of the TTC's Line 2 Capacity Enhancement Program (L2CEP) and would be completed by the applicant concurrently with the construction of the proposed 35-storey mixed-use building project at 334-350 Bloor Street West and 2-6 Spadina Road. The improvements to Spadina Station will enhance pedestrian movement and circulation and includes the construction of a concourse expansion and future stair or escalator between levels. In exchange for the construction of these works, the City would provide the applicant with a credit against the transit component of the development charges payable for the proposed development. While approval for development charges credits are normally considered at the time of the final City Planning report, staff are of the opinion that it is beneficial to the City for the applicant to complete the station modification concurrently with the construction of their development proposal. This will result in construction efficiencies for the City, while also contributing to the planned Station expansion.

 

This report has been prepared in consultation with the City Solicitor, and the Toronto Transit Commission.

Background Information

(October 17, 2023) Report and Attachment 1 from the Chief Planner and Executive Director, City Planning and the Controller on Development Charges Credit - 334-350 Bloor Street West
https://www.toronto.ca/legdocs/mmis/2023/ex/bgrd/backgroundfile-240054.pdf

Communications

(October 25, 2023) Letter from Councillor Dianne Saxe (EX.Supp)
https://www.toronto.ca/legdocs/mmis/2023/ex/comm/communicationfile-173207.pdf

Motions

Motion to Adopt Item moved by Councillor Paul Ainslie (Carried)
Source: Toronto City Clerk at www.toronto.ca/council