Item - 2019.TE6.1

The Toronto and East York Community Council recommends that: 

1. City Council authorize the permanent closure of the portion of the L-shaped public lane adjacent to and east of 1095-1105 Yonge Street, south of 5 Scrivener Square and 10R Price Street, and north of 8-10 Price Street, designated as Parts 1, 2, 3, 5, 6, 7, 8, 9 and 10 on the draft Reference Plan prepared by J.D. Barnes Limited, Reference No. 91-22-856-07-LANE, dated March 28, 2019, attached as Attachment 2 to the report (May 17, 2019) from the Director, Transportation Planning and Capital Program, Transportation Services (the "Lane").

2. City Council enact a by-law substantially in the form of the draft by-law attached as Attachment 1 to the report (May 17, 2019) from the Director, Transportation Planning and Capital Program, Transportation Services, subject to the insertion of appropriate plan and part numbers once a Reference Plan has been deposited, conditional upon the City entering into an agreement with the adjacent owner of 1095-1107 Yonge Street, 5 Scrivener Square, 10R Price Street and 8-10 Price Street (the "Applicant"), wherein the Applicant agrees to purchase the Lane from the City on terms satisfactory to the City.

Transportation Services recommends that most of the L-shaped public lane adjacent to and east of 1095-1105 Yonge Street, south of 5 Scrivener Square and 10R Price Street and north of 8-10 Price Street, be permanently closed. 

Once closed, the lane is proposed to be incorporated into a development site consisting of a 21-storey tower with a mid-rise component and containing 141 residential dwelling units.  The mixed-use building will have non-residential uses on first and second floors with residential dwelling units above.  The existing buildings at 1095-1107 Yonge Street and 4 Price Street are to remain unaltered.