June 7, 1999

To:Toronto Community Council

From:Commissioner of Urban Planning and Development Services

Subject:70 Bond Street: Cash Payment in Lieu of Parking under Section 40 of the Planning Act for one motor vehicle (Downtown - Ward 24)

Purpose:

To consider a cash payment in lieu of parking for one motor car as it relates to a redevelopment at 70 Bond Street.

Source of Funds:

Not applicable.

Recommendations:

It is recommended that:

1.the application for permission to make a cash payment in lieu of the provision of parking facilities for one motor vehicle at 70 Bond Street be approved; and

2.the City enter into an agreement with Yorkland Group Holding Inc., in respect of the payment by Yorkland Group Holding Inc., of $8,848.06 in lieu of the provision of parking.

Background:

The applicant proposes to construct a third floor addition on the north side of an existing building.

The Committee of Adjustment granted a minor variance on December 9, 1998 to permit this development on the condition that the applicant make a cash payment into the Municipal Parking Fund in lieu of providing one parking space.

Comments:

1.PROJECT:To permit the construction of a third floor addition on the north side of an existing building.

2.LOCATION:The property is located on the west side of Bond Street, north of Shuter Street.

3.SITE:The site is comprised of a regularly shaped lot with an existing building on it and no on-site parking.

Conclusions:

The Committee of Adjustment approved a request for variances to the By-law subject to the applicant filing an application for a cash payment in lieu of parking. The Commissioner of Works and Emergency Services has indicated his acceptance of a cash payment into the Municipal Parking Fund in lieu of providing and maintaining one parking space. The President of the Toronto Parking Authority has indicated that the required payment for the provision of one parking space would be $8,848.06. Therefore, in order to meet the conditions for approval of the variances as set out by the Committee of Adjustment and the requirements of Works and Emergency Services, I recommend that the cash in lieu application be approved.

Staff Contact:Lori Martin

Telephone: 416-392-7196

E-mail: lmartin2@toronto.ca

Beate Bowron

Director, Community Planning, South District

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Appendix A

Comments of Civic Officials

1.Toronto Parking Authority (May 19, 1999)

1.Background

In response to the February 18, 1999 request from the Commissioner of Urban Development Services, the Toronto Parking Authority is reporting on the application of Baldwin & Franklin Architects to make a payment into the Municipal Off-Street Parking fund in lieu of providing space for a development at 70 Bond Street.

2.Estimate of Land Value

The Manager, Appraisals/Negotiations of the Property Services Division of the Corporate Services Department, in their correspondence of May 18,1999, estimates the average square foot land value in this area to be $150.00.

3.Estimate of Construction Cost

The Toronto Parking Authority estimates the cost of constructing one above-grade parking space to be $9,571.12 (as fixed by February 1999 CANDATA Construction Cost Index).

4.1Calculation of Payment

Using the revised formulas adopted by Council at its meeting of May 21 and 24, 1985, the Toronto Parking Authority calculates the payment to be $8,848.06 for each parking space.

4.2The payment so calculated represents 50 percent of the theoretical cost of providing parking using the factors given in paragraphs 2 and 3 above.

5.Limitation

The Toronto Parking Authority considers the estimates of land value and construction cost are valid for a period of six calendar months from the date of this report.

6.Municipal Off-Street Parking Facilities in the Area

The Toronto Parking Authority operates 750 municipal off-street parking spaces within 300 meters of the proposed development.

7.Additional Information

7.1Monies paid into the Municipal Off-Street Parking Fund are not refundable and are paid by the developer in lieu of providing parking spaces within his/her development. The money is not held in trust nor designated for any one project, but is used to fund municipal off-street carparks as directed by the Parking Authority.

7.2Neither the agreement nor the enabling legislation imposes any obligation on the City or the Toronto Parking Authority to construct parking facilities to meet the applicant's specific parking requirements.

ANNEX A

To TPA Report

May 18, 1999

RE:Payment in Lieu of Providing Parking - 70 Bond Street

Yorkland Group Holding Inc.

Detailed Calculation

Formula:[S + (L x 325)] x 0.5 x R = applicant's contribution

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Where:

S =the current estimated cost of constructing a parking space of 325 square feet in a hypothetical 6-level above ground parking garage:

$9,571.12

L =the current estimated square foot land value in an area within 300 meters of the proposed development:

$150.00

R =the number of parking spaces for which the applicant is seeking to make a payment-in-lieu:

1 Space

Therefore:[$9,571.12 + ($150.00 x 325)] x 0.5 x 1 = $8,848.06

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$8,848.06 per parking space

PAYMENT IN LIEU CALCULATIONS

LAND VALUE$150.00

NUMBER OF SPACES 1

CURRENT CONSTRUCTION COSTS (February 1999 - CANDATA)

S1-Surface$ 2,951.71

S2-Above Ground 9,571.12

S3-Below Ground15,151.00

PAYMENT CALCULATION:

PER SPACETOTAL SPACES

1. Surface Space$ 22,475.87$ 22,475.87

2. Above ground space 8,848.06 8,848.06

3. Under ground space 10,622.37 10,622.37

2.Works and Emergency Services (April 22, 1999)

This is in reference to the application by Baldwin and Franklin, Architects, on behalf of Yorkland Group Holding Inc., for the project on the above-noted site, located on the west side of Bond Street, south of Dundas Street East. The proposal is to construct a third floor addition to an existing office building for a communications and broadcasting establishment. The Zoning By-law requires the provision and maintenance of 2 parking spaces for the addition, in addition to any existing parking spaces provided on the lot.

The Committee of Adjustment, in its decision dated December 9, 1998, granted a variance to exempt the owner from providing one of the two required parking spaces and to permit the owner to make an application for a cash payment-in lieu of providing 1 parking space. Furthermore, the applicant has modified the original proposal by downscaling the size of the proposed addition by one half, resulting in a corresponding decrease in the gross floor area. Given the retention of the existing building, the reduction of the proposed addition and that the applicant has been unsuccessful in securing a leased parking arrangement off-site, the proposal to make a cash payment into the Municipal Parking Fund in lieu of providing and maintaining 1 space is acceptable.

Recommendation:

That the application to make a cash payment into the Municipal Parking Fund in lieu of providing and maintaining 1 parking space be approved.

To:

From:Commissioner of Urban Planning and Development Services

Subject:

Purpose:

Source of Funds:

Recommendations:

Council Reference/Background/History:

Comments and/or Discussion and/or Justification:

Conclusions:

Contact Name:

Lori Martin

392-7196

Reviewed by:

Paul J. BedfordVirginia M. West

Executive Director and Chief PlannerCommissioner of

City Planning DivisionUrban Planning and Development Services

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