Item - 2022.MM47.83

City Council on July 19, 20, 21 and 22, 2022, adopted the following:

1. City Council amend the Parks, Forestry and Recreation 2022-2031 Council Approved Capital Budget and Plan to create a new capital sub-project known as Acquisition of Land in Vicinity of 1500 St. Clair Avenue West sub-project in the Land Acquisition project, to be fully funded by Section 42 Above 5 percent Cash-in-lieu (XR2213) as outlined in Confidential Attachment 1 to the report (July 18, 2022) from the General Manager, Parks, Forestry and Recreation, for the purpose of reimbursing St. Clair Caledonia Partnership the value in excess of the total required parkland dedication value for the purchase of three properties within the vicinity of the development at 1500 St. Clair Avenue West as an obligation of the off-site parkland dedication.

2. City Council authorize the General Manager, Parks, Forestry and Recreation to reimburse the value in excess of the total required parkland dedication value for the purchase of three properties by St. Clair Caledonia Partnership, as described in Confidential Attachment 1 to the report (July 18, 2022) from the General Manager, Parks, Forestry and Recreation from Parks, Forestry and Recreation's 2022-2031 Council Approved Capital Budget and Plan from the Acquisition of Land in Vicinity of 1500 St. Clair Avenue West sub-project to St. Clair Caledonia Partnership, upon completion of the purchase of and conveyance to the City of all three properties within the vicinity of the development at 1500 St. Clair Avenue West as an obligation of the off-site parkland dedication requirement.

3. City Council authorize the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management, in consultation with the City Solicitor, to secure the terms and conditions related to the reimbursement in the Section 37 Agreement, on terms and conditions acceptable to the Executive Director, Corporate Real Estate Management, and in a form satisfactory to the City Solicitor.

4. City Council authorize the public release of Confidential Attachment 1 to the report (July 18, 2022) from the General Manager, Parks, Forestry and Recreation, upon completion of the conveyance to the City of all three properties within the vicinity of the development at 1500 St. Clair Avenue West, and upon the issuance of the reimbursement, to the satisfaction of the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management, in consultation with the City Solicitor.

5. City Council direct that the off-site park dedication, in respect of Official Plan Amendment and Zoning By-law Amendment Application 21 175097 STE 09 OZ for 1500-1536 St. Clair Avenue West and 20-36 Caledonia Road (the "Applications"), being the parcels described in City of Toronto Zoning By-Law 536-2022, represents the full and final parkland dedication requirement with respect to the Applications, as approved by Item 2022.TE33.4, as adopted by Council on June 15 and 16, 2022.

6. City Council direct the General Manager, Parks, Forestry and Recreation to report directly to the December 14, 2022 special meeting of City Council with respect to the funding of the off-site parkland acquisitions regarding the Applications as approved by Item 2022.TE33.4, as adopted by Council on June 15 and 16, 2022.

Confidential Attachment 1 to the report (July 18, 2022) from the General Manager, Parks, Forestry and Recreation remains confidential at this time in accordance with the provisions of the City of Toronto Act, 2006 as it pertains to a proposed or pending acquisition or sale of land for municipal or local board purposes. Confidential Attachment 1 to the report (July 18, 2022) from the General Manager, Parks, Forestry and Recreation will be made public upon completion of the conveyance to the City of all three properties within the vicinity of the development at 1500 St. Clair Avenue West, and upon the issuance of the reimbursement, to the satisfaction of the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management, in consultation with the City Solicitor.