Item - 2013.TE24.17

The Toronto and East York Community Council recommends that:

1.         City Council authorize the City Solicitor, in consultation with relevant City staff, to amend the registered Section 37 Agreement for 100, 104, 120 and 130 Adelaide Street West, 12 and 22 Sheppard Street and 85 and 111 Richmond Street West to secure the variances to the Section 37 provisions of By-law No. 875-2000 permitted by Committee of Adjustment decision in File No. A0003/13TEY, as more specifically outlined in the report (April 19, 2013) from the Director, Community Planning, Toronto and East York District, pertaining to the following matters:

a.         demolition permit timing;

b.         the letter of credit amount;

c.         the letter of credit reduction; and

d.         accessibility of publicly accessible open space.

2.         City Council authorize the appropriate City officials to take the necessary action to give effect to the above, including execution of the amended Section 37 Agreement.

3.         City Council authorize the City Solicitor to make such stylistic and technical changes to the Section 37Amendment as may be required.

The purpose of this report is to seek Council authorization to amend the Section 37 Agreement for the Richmond Adelaide Centre (including the municipal addresses known as 100, 104, 120 and 130 Adelaide Street West, 12 and 22 Sheppard Street and 85 and 111 Richmond Street West) to revise requirements for the demolition permit timing; the letter of credit amount and timing; and a letter of credit reduction for the redevelopment of the portion of the site located at 100 Adelaide Street West, 104 Adelaide Street West and 22 Sheppard Street.