Item - 2026.MM43.26

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

 1. City Council amend the 2026–2035 Capital Budget and Plan for Corporate Real Estate Management, by creating a new capital project with a total project cost of $9,000,000 gross and $0 debt, with cash flow of $100,000 gross and $0 debt in 2026 and $8,900,000 gross and $0 debt in future year commitments, for the creation of additional community space as part of Building 5a of 325 Gerrard Street East (Regent Park Phases 4 and 5), fully funded from Section 37 community benefits secured for capital facilities within Ward 13 from the developments listed below:

a. 89, 97 and 99 Church Street (Source Account: XR3026-3701195) in the amount of $3,564,754.62, collected for capital projects in the vicinity of the site in conformity with the City’s Official plan, to the satisfaction of the Chief Planner, in consultation with the Ward Councillor;

b. 59 Richmond Street East and 114 and 120 Church Street (Source Account: XR3026-3701223) in the amount of $4,428.83, to be allocated towards community facilities, recreation, cultural space, community and cultural facilities, and/or streetscape improvements;

c. 241 Church Street (Source Account: XR3026-3701431) in the amount of $3,671,421.16, to capital improvements for new or existing affordable housing, cultural, community and/or recreation space; and

d. 245 to 285 Queen Street East, 348-410 Richmond Street East, 88-106 Ontario Street and 8-12 Brigden Place (Source Account: XR3026-3701360) in the amount of $1,759,395.39 towards capital facilities to be determined by the Chief Planner and Executive Director, City Planning, in consultation with the Ward Councillor.

2. City Council authorize the Executive Director, Corporate Real Estate Management, in consultation with the Executive Director, Social Development, to negotiate and execute required contribution and/or delivery agreements with Toronto Community Housing Corporation for the Community Space as part of Building 5a of 325 Gerrard Street East (Regent Park Phases 4 and 5), on terms and conditions satisfactory to the Executive Director, Corporate Real Estate Management, the Executive Director, Social Development, and in a form satisfactory to the City Solicitor.