Item - 2025.MM32.7

City Council on July 23 and 24, 2025, adopted the following:

1. City Council amend its previous decision on Item 2025.EY20.2 by:

a. amending Part 1.b. by deleting the words "33 percent" and replacing them with "55 percent" so that Part 1.b. now reads as follows:

1.b. the commissioning and installation of public art on the Site, to the satisfaction of the Chief Planner and Executive Director, City Planning, generally in accordance with recommendations from the Toronto Public Art Commission and in consultation with City Planning, at a total cost to the owner of up to 55 percent of four percent of the value of the land (net of any exclusions or exemptions authorized under the Community Benefits Charge By-law), as determined the day before the day the building permit is issued in respect of the development, with the projected costs of the in-kind contributions to be evidenced through cost estimates provided by the owner and approved by the City; and

b. amending Part 1.c. by deleting the words "33 percent" and replacing them with "55 percent" so that Part 1.c. now reads as follows:

1.c. to the extent that the estimated cost of the in-kind contribution is less than 55 percent of four percent of the value of the land, the difference in value between the final estimated cost of the in-kind contribution and four percent of the value of the land, as determined the day before the building permit is issued in respect of the development, will be provided in cash.