Item - 2026.MM43.103

City Council on July 29 and 30, 2026, adopted the following:

1. If the Committee of Adjustment authorizes a minor variance to Appendix 1 of site-specific Zoning By-law 1012-2022, to permit a reduction in the specific minimum average unit sizes by unit type for the affordable rental dwelling units to align with the minimum average unit sizes of the market housing units by unit type, and to increase the minimum number of affordable rental dwelling units from at least 76 to at least 82 affordable rental dwelling units, in the mixed-use development at 200 Queens Quay West, City Council:

a. require the Owner to enter into an amending Section 37 Agreement, pursuant to Section 37 of the Planning Act (as it read the day before the date Section 1 of Schedule 17 of the COVID-19 Economic Recovery Act, 2020 came into force), to make amendments to the existing Section 37 Agreement registered on title to the lands as AT6891344, to implement the Committee’s decision in a manner, content and form to the satisfaction of the Chief Planner and Executive Director City Planning, the Executive Director, Development Review, the Executive Director, Housing Secretariat, the Executive Director, Housing Development Office, and the City Solicitor, and to reflect, that the minimum number of affordable rental dwelling units be at least 82 and up to 90 affordable rental dwelling units and that the specific minimum average sizes of the affordable rental dwelling units by unit type align with the minimum average sizes of the market units by unit type;

b. authorize the Affordable Rental Housing Units as described in Table 1 below, to be eligible for development charges exemptions, unless already paid or exempted by provincial legislation.

c. authorize the Affordable Rental Housing Units as described in Table 1 below, to be eligible for an exemption from taxation for municipal and school purposes.

Table 1: Estimated financial incentives and Exemption of Municipal and School Taxation for an additional 11 Affordable Rental Housing Units for 200 Queens Quay West

*3 percent discount rate assumption.

**The education portion is a flow through to the Province, which the City would not collect or remit once the property tax exemption takes effect.
***The estimated value of the property tax exemption in the first year is approximately $17,612, including $13,904 related to municipal property taxes, and $3,708 related to education taxes.

d. authorize, severally, the Executive Director, Housing Development Office and the Executive Director, Housing Secretariat, to negotiate and execute, on behalf of the City, a municipal housing facility agreement (the City's Contribution Agreement), or amendments to existing Contribution Agreements, where applicable, with the owner and/or related legal entities for the development listed in Table 1 in Recommendation 1.b above, to secure the financial incentives and to set out the terms of the development and operation of the new affordable rental housing units, on terms and conditions satisfactory to the Executive Director, Housing Development Office, the Executive Director, Housing Secretariat, and the Chief Financial Officer and Treasurer, and in a form approved by the City Solicitor.

e. authorize severally, the Executive Director, Housing Development Office and the Executive Director, Housing Secretariat, on behalf of the City, to execute any security or financing documents, or any other documents required to facilitate the development, including any documents required by the owner and/or related legal entities for the development described in Table 1 in Part 1.b. above, to complete pre-development activities, construction and secure conventional financing, where required, including any postponement, confirmation of status, discharge or consent documents where and when required during the term of the municipal housing facility agreement, as required by normal business practices, and provided that such documents do not give rise to financial obligations on the part of the City that have not been previously approved by City Council, on terms and conditions satisfactory to the Chief Financial Officer and Treasurer.