Item - 2024.TE17.12
Tracking Status
- City Council adopted this item on November 13 and 14, 2024 without amendments and without debate.
- This item was considered by the Toronto and East York Community Council on October 24, 2024 and adopted without amendment. It will be considered by City Council on November 13 and 14, 2024.
TE17.12 - 148-158 Avenue Road and 220-234 Davenport Road - Community Benefits Charge In-kind Contribution Value Report
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on November 13 and 14, 2024, adopted the following:
1. City Council receive the report (October 7, 2024) from the Director, Community Planning, Toronto and East York District for information.
Background Information (Community Council)
https://www.toronto.ca/legdocs/mmis/2024/te/bgrd/backgroundfile-249302.pdf
TE17.12 - 148-158 Avenue Road and 220-234 Davenport Road - Community Benefits Charge In-kind Contribution Value Report
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
Community Council Recommendations
The Toronto and East York Community Council recommends that:
1. City Council receive the report (October 7, 2024) from the Director, Community Planning, Toronto and East York District for information.
Origin
Summary
On July 19, 2023, City Council approved the Zoning By-law Amendment application at 148-158 Avenue Road and 220-234 Davenport Road to permit a 108-metre (35 storeys, excluding mechanical penthouse) mixed-use building with 330 residential units. The application includes the conveyance of 207 and 209 Avenue Road (an area of approximately 365 square metres) as off-site parkland dedication, which will result in the expansion of Ramsden Park and an increase to the park frontage on Avenue Road.
The parkland conveyance is to be delivered as a combination of the applicant’s Section 42 parkland dedication requirement and a Community Benefits Charge (“CBC”) in-kind contribution.
City Council directed City Planning staff to report back on the value of the CBC in-kind contribution. The purpose of this report is to inform City Council that the acquisition of the off-site parkland requires 63% of the value of the in-kind CBC contribution in conjunction with the Section 42 contribution for the above-noted development.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/te/bgrd/backgroundfile-249302.pdf