Item - 2015.TE10.68
Tracking Status
- City Council adopted this item on September 30, 2015 without amendments.
- This item was considered by the Toronto and East York Community Council on September 8, 2015 and adopted without amendment. It will be considered by City Council on September 30, 2015.
TE10.68 - 45 Bay Street - Council Authority to Exercise Option for Construction of Future East Bayfront LRT Station Platform
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 28 - Toronto Centre-Rosedale
City Council Decision
City Council on September 30, October 1 and 2, 2015, adopted the following:
1. City Council authorize City officials to sign the Section 45(9) Agreement and exercise the Structure Option, permitted as a condition of the January 28, 2015, Committee of Adjustment decision, to have the owner (Ivanhoe Cambridge) of 45 Bay Street construct a three-dimensional structure adjacent to the below-grade parking area for the potential future use as an LRT platform for the East Bayfront LRT station.
2. In the event the associated “Cost Differential” to the owner exceeds the $2,000,000.00 stipulated in the Committee of Adjustment decision, City Council direct that City staff:
a. be authorized to pursue non-debt funding sources for any such excess; and
b. report back to City Council identifying any such excess Cost Differential and the source of required funds.
3. City Council direct the Director, Waterfront Secretariat and City Planning to monitor the cost during construction to determine if additional funding is required.
Background Information (Community Council)
https://www.toronto.ca/legdocs/mmis/2015/te/bgrd/backgroundfile-83173.pdf
(August 20, 2015) Report from the Director, Community Planning, Toronto and East York District - 45 Bay Street - Council Authority to Exercise Option for Construction of Future East Bayfront LRT Station Platform - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2015/te/bgrd/backgroundfile-82799.pdf
Motions (City Council)
Vote (Adopt Item) Oct-02-2015 11:24 AM
| Result: Carried | Majority Required - TE10.68 - Adopt the item |
|---|---|
| Total members that voted Yes: 39 | Members that voted Yes are Maria Augimeri, Ana Bailão, Michelle Berardinetti, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Joe Cressy, Vincent Crisanti, Glenn De Baeremaeker, Justin J. Di Ciano, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Mark Grimes, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Chin Lee, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, John Tory, Kristyn Wong-Tam |
| Total members that voted No: 1 | Members that voted No are Rob Ford |
| Total members that were Absent: 5 | Members that were absent are Paul Ainslie, Janet Davis, Mary Fragedakis, Giorgio Mammoliti, Michael Thompson |
TE10.68 - 45 Bay Street - Council Authority to Exercise Option for Construction of Future East Bayfront LRT Station Platform
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 28 - Toronto Centre-Rosedale
Community Council Recommendations
The Toronto and East York Community Council recommends that:
1. City Council authorize City officials to sign the Section 45(9) Agreement and exercise the Structure Option, permitted as a condition of the January 28, 2015, Committee of Adjustment decision, to have the owner (Ivanhoe Cambridge) of 45 Bay Street construct a three-dimensional structure adjacent to the below-grade parking area for the potential future use as an LRT platform for the East Bayfront LRT station.
2. In the event the associated “Cost Differential” to the owner exceeds the $2,000,000.00 stipulated in the Committee of Adjustment decision, City Council direct that City staff:
a. be authorized to pursue non-debt funding sources for any such excess; and
b. report back to City Council identifying any such excess Cost Differential and the source of required funds.
3. City Council direct the Director, Waterfront Secretariat and City Planning to monitor the cost during construction to determine if additional funding is required.
Origin
Summary
This report recommends that City Council authorize City officials to sign the Section 45(9) Agreement and exercise the “Structure Option” as noted in paragraph 8 of Appendix 1 of the January 28, 2015 decision of the Committee of Adjustment, which granted minor variances to permit the construction of a 48 storey building with bus terminal at 45 Bay Street. The owner (Ivanhoe Cambridge) will then construct a three-dimensional structure within its below grade parking area for the potential future use as an LRT platform for the East Bayfront LRT station. The consideration of this report is time sensitive as the City is required to exercise this Structure Option within 2 days of the September City Council meeting.
Background Information
https://www.toronto.ca/legdocs/mmis/2015/te/bgrd/backgroundfile-83173.pdf
(August 20, 2015) Report from the Director, Community Planning, Toronto and East York District - 45 Bay Street - Council Authority to Exercise Option for Construction of Future East Bayfront LRT Station Platform - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2015/te/bgrd/backgroundfile-82799.pdf