Item - 2024.MM14.3

City Council on February 6 and 7, 2024, adopted the following:

1. City Council amend its previous decision on Item 2018.CC36.5 by adding new instructions to staff as follows:

1. City Council approve that in accordance with Section 42 of the Planning Act, prior to the earlier of Registration of Plan of Condominium or first residential occupancy of the first tower within the first phase and no later than fifteen (15) months after the issuance of the first Above Grade Building permit for the first phase, the owner shall convey to the City, an on-site parkland dedication located at the west end of the site having a minimum size of 2,756 square metres. The subject parkland conveyance is to be free and clear, above and below grade of all physical obstructions and easements, encumbrances and encroachments, including surface and subsurface easements.

2. Prior to the issuance of the first above grade building permit for the first phase of the development, City Council require the owner to register in priority a Section 118 Restriction, pursuant to the Land Titles Act against title to the future parkland to be conveyed to the City, that prohibits the transfer or charge of the parkland without the prior written consent of the General Manager, Parks, Forestry and Recreation, to the satisfaction of the City Solicitor.