Item - 2025.EY26.6

The Etobicoke York Community Council recommends that:

1. City Council allow an in-kind contribution for 2491 Lake Shore Boulevard West for the design and construction of a new walkway, seating, lighting, and tree plantings with cost estimates to be submitted and approved for the on-site parkland at 2491 Lake Shore Boulevard West and for the adjacent portion of Amos Waites Park to the north of 2491 Lake Shore Boulevard West (the "In-Kind Contribution"), all to the satisfaction by the General Manager, Parks and Recreation.  

2. City Council attribute a value of the in-kind Contribution Community Benefit Charge, set out in Recommendation 1 above, equal to one hundred percent (100 percent) of four percent (4 percent) of the value of the lands (net of any exclusions or exemptions authorized under the Community Benefits Charge By-law), as determined the day before the day the first building permit is issued in respect of the development, for the in-kind Contribution for the on-site parkland at 2491 Lake Shore Boulevard West and the adjacent portion of Amos Waites Park to the north of 2491 Lake Shore Boulevard West, as approved by the General Manager, Parks and Recreation.  

3. City Council authorize the Executive Director, Development Review to enter into an agreement pursuant to subsection 37(7.1) of the Planning Act (the "In-Kind Contribution Agreement") to address the provision of the in-kind contribution with further details and specifications to be detailed in the In-Kind Contribution Agreement all to the satisfaction of the Executive Director, Development Review, and the City Solicitor, with such agreement to be registered on title to the Site and such agreement shall be evidence of arrangements for the provision of the in-kind contribution that are satisfactory to City Council.

4. City Council approve a Development Charge Credit against the Parks and Recreation component of the Development Charges for the design and construction of additional Above Base Park Improvements to the satisfaction of the General Manager, Parks and Recreation. The Development Charge Credit shall be in an amount that is the lesser of the cost to the owner of designing and constructing the additional Above Base Park Improvements, as approved by the General Manager, Parks and Recreation, and the Parks and Recreation component of development charges payable for the development in accordance with the City's Development Charges By-law, as may be amended from time to time.

On April 23, 2025, City Council approved the Zoning By-law Amendment and Rental Housing Demolition applications at 2491 Lake Shore Boulevard West to redevelop the site for a nine-storey mixed-use building containing 332 square metres of retail at grade and 151 dwelling units above the retail space. The proposal also included 284 square metres of on-site parkland dedication that was secured as part of the Zoning By-law Amendment.

Additionally, City Council directed that the Executive Director, Development Review, in consultation with the Ward Councillor and the General Manager, Parks and Recreation, discuss the Community Benefit Charge (CBC) contribution for above base park improvements for the on-site parkland dedication with the owner and report back to City Council on the outcome of any proposed agreement for an in-kind contribution.

The purpose of this report is to report back to City Council on the agreed to Community Benefit Charge in-kind contribution, that will be used towards providing a new walkway, seating, lighting, and tree plantings on the on-site parkland dedication at 2491 Lake Shore Boulevard West and on the adjacent portion of Amos Waites Park to the north of 2491 Lake Shore Boulevard West. The proposed in-kind contribution being offered represents 100 percent of 4 percent of the value of the developable area of the site. The report is also seeking Council approval for a Development Charge Credit against the Parks and Recreation component of the Development Charges towards the design and construction of the Above Base Park Improvements for the on-site parkland dedication at 2491 Lake Shore Boulevard West and the adjacent portion of Amos Waites Park to the north of 2491 Lake Shore Boulevard West.