AlvinofDiaspar
Moderator
From the Nov 20, 2018 section 37 agreement:
8. PARKLAND CONTRIBUTION 8.1 The Owner agrees to transfer and convey to the City the lands municipally known as 357A Yonge Street and 357 ½ Yonge Street (“Parkland”), more particularly to transfer and convey a minimum of 338.5 square metre of said lands, in order to satisfy its park land dedication requirements under section 42 of the Planning Act with respect to the Zoning By-law Amendments to facilitate the Development in accordance with the provisions of this Section 8. If the off-site dedication of 357A Yonge Street and 357 ½ Yonge Street is deemed acceptable by the General Manager, Parks Forestry and Recreation (“PFR”), it is acknowledged that it would satisfy the parkland dedication requirements for the Development.
This is very interesting - it can basically create a quasi mid-block connection to the laneway, which will be refreshed as another aspect of the s37 agreement.
AoD