Item - 2026.MM43.138

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

1. City Council approve a development charge credit against the Roads component of development charges for the eligible road-related costs associated with the relocation or reconstruction of services, utilities, access and related works required to facilitate construction of Olympic Garden Drive and arising from the acquisition of land required for the road connection, with eligible expenses to be determined to the satisfaction of the Director, Engineering Review, Development Review, and to the satisfaction of the General Manager of Transportation Services; the development charge credit shall be in an amount that is the lesser of the cost to the Owner of eligible works noted above, as approved by the Director, Engineering Review, Development Review and to the satisfaction of the General Manager of Transportation Services, and the Roads 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, net of any credits previously provided for the land expropriation.

2. City Council authorize the Executive Director, Development Review, in consultation with the General Manager, Transportation Services and the City Solicitor, to negotiate and execute any agreements, amendments to existing agreements, and ancillary documents required to implement the development charge credits authorized by this motion, including provisions respecting the determination of eligible costs, documentation requirements, timing and manner in which development charges credits may be provided, and any other terms and conditions deemed appropriate by the Executive Director, Development Review and the City Solicitor, including provisions of development charges credits in phases tied to project milestones, including but not limited to the completion of design, construction works and the connection of the new street to Cummer Avenue.