ProjectEnd
Superstar
Yep, it's rental so they can get going right away. That was part of bringing Woodborne on as a capital partner.
Toronto 1071 King West | 62.2m | 17s | Hullmark | BDP Quadrangle
- Thread starter Automation Gallery
- Start date
smuncky
Senior Member
AHK
Senior Member
March 7: Geothermal drilling work well underway.
Red Mars
Senior Member
Mar 8, 2024
rdaner
Senior Member
Taken 9 March.
kotsy
Senior Member
Northern Light
Superstar
This one has a minor technical amendment before Council today in the form of a member motion concerning accepting the parkland dedication.
Its not of any real significance, but I offer it here, because an absence of proper proof reading made me laugh.
On July 28 and 29, 2020, City Council adopted Item TE16.9 authorizing the City Solicitor and appropriate staff to attend at the Local Planning Appeal Tribunal, now the Ontario Land Tribunal, in support of a revised rezoning proposal for the site at 1071 King Street West. Part of the revised proposal was the provision of an on-site parkland dedication that was to be a minimum of 230 square metres in area, which was to be dedicated to the City, at no cost to the City, free and clear of all encumbrances above and below grade. In an Order dated August 12, 2022, the Tribunal approved the final zoning by-law amendment.
On June 15 and 16, 2022, City Council adopted MM45.44 authorizing the change from an on-site unencumbered parkland dedication to an on-site stratified parkland dedication, and a change from a minimum of 230 square metres to approximately 230 square metres, as Metrolinx was planning on building a crass wall and associated infrastructure which would impact the park. As a result of this change, MM45.44 directed the owner to compensate the City for the value differential between the fee simple parkland dedication and the strata conveyance of parkland.
Due to further changes, the owner is now able to offer the on-site parkland dedication unencumbered, as originally proposed. This motion accepts a conveyance of unencumbered parkland, and also removes the directive for the owner to compensate the City as there is no longer a value differential for the parkland. The motion also allows for the possible encumbrance of tiebacks, and the standard provision that should they be allowed, the City will be compensated.
This motion is urgent as the City and applicant are finalizing the Section 37 Agreement, which must happen before the owner is able to pull building permits and commence construction on this site.
From:
Its not of any real significance, but I offer it here, because an absence of proper proof reading made me laugh.
Summary
On July 28 and 29, 2020, City Council adopted Item TE16.9 authorizing the City Solicitor and appropriate staff to attend at the Local Planning Appeal Tribunal, now the Ontario Land Tribunal, in support of a revised rezoning proposal for the site at 1071 King Street West. Part of the revised proposal was the provision of an on-site parkland dedication that was to be a minimum of 230 square metres in area, which was to be dedicated to the City, at no cost to the City, free and clear of all encumbrances above and below grade. In an Order dated August 12, 2022, the Tribunal approved the final zoning by-law amendment.
On June 15 and 16, 2022, City Council adopted MM45.44 authorizing the change from an on-site unencumbered parkland dedication to an on-site stratified parkland dedication, and a change from a minimum of 230 square metres to approximately 230 square metres, as Metrolinx was planning on building a crass wall and associated infrastructure which would impact the park. As a result of this change, MM45.44 directed the owner to compensate the City for the value differential between the fee simple parkland dedication and the strata conveyance of parkland.
Due to further changes, the owner is now able to offer the on-site parkland dedication unencumbered, as originally proposed. This motion accepts a conveyance of unencumbered parkland, and also removes the directive for the owner to compensate the City as there is no longer a value differential for the parkland. The motion also allows for the possible encumbrance of tiebacks, and the standard provision that should they be allowed, the City will be compensated.
This motion is urgent as the City and applicant are finalizing the Section 37 Agreement, which must happen before the owner is able to pull building permits and commence construction on this site.
From:
Red Mars
Senior Member
Apr 18, 2024
