The City Planning Division recommends that:

1.         City Council add recommendation 4.i. to the report from the Director, Community Planning, Toronto and East York District dated April 30, 2010 for 99 Blue Jays Way as follows:

"4.i.      The owner shall pay for any required upgrades to the municipal infrastructure identified in the Municipal Servicing and Stormwater Management Report to support the development to the satisfaction of the Executive Director, Technical Services."

The City Planning Division recommends that:

1.         City Council authorize the appropriate City officials to amend the Section 16 Agreement for 16 York Street as follows:

a.         Deleting the requirement for a $500,000 payment to the City for Bremner Boulevard streetscaping, and replace with a requirement that the owner reconstruct Bremner Boulevard at no cost to the City, to the City's specifications, from York Street to Lake Shore Boulevard West.

b.         Requiring that the owner provide a letter of credit in a form satisfactory to the Executive Director of Technical Services as security to cover the cost of such reconstruction, upon execution of the agreement, with such letter of credit to be in an amount of $850,000.

c.         Providing for the refund of the $500,000 Section 16 funds previously paid by the owner for Bremner Boulevard streetscaping, upon execution of the amending agreement and provision to the City of the letter of credit.

d.         Reducing the amount of Section 16 funds required for Railway Lands Streetscaping from $500,000 to $150,000 and requiring the owner to incorporate streetscaping improvements in the reconstruction of Bremner Boulevard such that the total value of the reconstruction is approximately $850,000.

e.         Requiring the owner of 16 York Street to contribute any remaining amount to streetscape improvements in the Railway Lands including the Simcoe Street Pedestrian Promenade, if the Bremner Boulevard reconstruction work can be completed for less than $850,000.

2.         The owner enter into an appropriate agreement for the reconstruction of the road to the satisfaction of the Executive Director of Technical Services.

The purpose of this report is to seek Council authorization to amend the Section 16 Agreement for 16 York Street to delete the requirement for a $500,000 payment to the City for Bremner Boulevard reconstruction, and replace with a requirement that the owner reconstruct Bremner Boulevard between York Street and Lake Shore Boulevard West, and that $350,000 for Railway Lands streetscaping be reallocated to this project.

There are no financial implications resulting from the adoption of this report.