Joint Finance and Corporate Services and Planning and Housing Committee

Agenda

Meeting #:

1

Date:

Thursday, November 02, 2023

Time:

9:30 AM, continuing Friday, November 3, 2023 @ 8:30 am

Location:

Andrew S. Haydon Hall, 110 Laurier Avenue West, and by electronic participation

Members:

• Chair: Mayor Mark Sutcliffe, 
• Chair: Councillor Jeff Leiper, 
• Vice-Chair: Councillor Catherine Kitts, 
• Vice-Chair: Councillor Glen Gower, 
• Councillor Riley Brockington, 
• Councillor Cathy Curry, 
• Councillor George Darouze, 
• Councillor Laura Dudas, 
• Councillor Laine Johnson, 
• Councillor Theresa Kavanagh, 
• Councillor Clarke Kelly, 
• Councillor Rawlson King, 
• Councillor Matt Luloff, 
• Councillor Wilson Lo, 
• Councillor Shawn Menard, 
• Councillor Tim Tierney, 
• and Councillor Ariel Troster 

Melinda Aston, Committee Coordinator
[e-mail], [phone], ext. 21838

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1.

Notices and meeting information for meeting participants and the public

Notices and meeting information are attached to the agenda and minutes, including: availability of simultaneous interpretation and accessibility accommodations; in camera meeting procedures; information items not subject to discussion; personal information disclaimer for correspondents and public speakers; notices regarding minutes; and hybrid participation details.

Accessible formats and communication supports are available, upon request.

Except where otherwise indicated, reports requiring Council consideration will be presented to Council on November 10, 2023 in Joint Finance and Corporate Services and Planning and Housing Committee Report 1.

The deadline to register by phone to speak or submit written comments or visual presentations is 4 pm on November 1, and the deadline to register to speak by email is 8:30 am on November 2.

2.

Declarations of Interest

3.

Planning, Real Estate and Economic Development Department

3.1

Lansdowne Partnership Plan - Authorization to Proceed to the Next Steps in the Redevelopment Report

File No. ACS ACS2023-PRE-GEN-0009 – City-wide

• Report recommendation(s)

  That the Joint Finance and Corporate Services Committee & Planning and Housing Committee recommend that City Council:

  1. Approve the recommended revised concept plan for the new Event Centre, and new North Side Stands, and mixed-use development, as described in this report and attached as Document 7, as the basis for the next steps, subject to the completion of the next steps, including future Site Plan and Procurement approvals;
  2. Approve the financial funding strategy, as detailed in this report, for the construction of a new Event Centre and North Side Stands, including increasing the budget authority by $86.5 million, for an estimated total of $419.1 million, to be financed by a combination of the disposal of subterranean and property air rights, debt and City capital budgets for City-specific and internal project management costs, including as follows:
     
     1. Approve the Business Case estimating the tax supported debt servicing budget to be increased by $16.4 million and gradually increase the annual budget pressure for debt servicing, as part of the annual budget approval process by $1.3M each year, starting in 2024, to be offset by 75% of the increase in property taxes expected to start by 2031 from additional Lansdowne retail and residential properties, ticket surcharge revenue, rent and net cashflows from the Lansdowne Master Limited Partnership (LMLP) waterfall over the term of the agreement.
     2. Approve the establishment of a Lansdowne Debt Servicing Reserve to put aside the $1.3 million budget increase each year as a contribution to that reserve until the debt on Lansdowne is issued, at which time the reserves can offset any funding gap until the full $16.4 million base budget is established.
     3. Approve that the Mayor pursue additional capital funding from the federal and provincial governments estimated at between $20 - $50 million.
     4. Approve an $18.6 million budget for the construction of a maximum of 140 parking spaces beneath the North Side Stands to be leased to the residential tower owners and funded by debt with the lease revenue offset by debt servicing to be paid from the parking reserve.
     5. Approve, in addition to the existing spending authority of $8 million, the estimated costs of $10 million for the next steps in the project to be spent against the project budget authority, and authorize the City Manager to amend Cost Sharing Agreements with OSEG for detailed design work for the public Event Centre, required to continue the work
     6. Waive the Affordable Housing Land & Funding Policy whereby the policy requires either 25 per cent net proceeds of the sale of City land to the Affordable Housing Reserve Fund, or inclusion of 25 per cent housing within the development is affordable and direct Staff to allocate 10% of the value of the subterranean and property air rights disposal to the Affordable Housing Reserve Fund.
     7. Approve a maximum limit of $2 million to be allocated from the construction budget for the Event Centre and North Side Stands, included within the $419.1 million budget authority, for Public Art Commissions.
  3. Authorize the General Manager, Planning, Real Estate and Economic Development to continue with the Official Plan Amendment process as described in this report
  4. Approve the recommended Zoning By-law and Official Plan Amendment changes deemed necessary to implement the revised Lansdowne Partnership Sustainability and Redevelopment Concept Plan, as described in this report and as outlined in Documents 2, 3, 4, 5, and 6, including as follows:
     
     1. An amendment to the Official Plan to clarify the intent to permit maximum building heights up to 40 stories within the Lansdowne Special District, as detailed in Document 2;
     2. An amendment to the Official Plan to clarify that an Event Centre (sports arena) is permitted within the established areas of greenspace and public space at Lansdowne Park, as detailed in Document 2; 
     3. An amendment to the Official Plan to clarify that an Event Centre is permitted within the Greenspace Designation portion of the Lansdowne Special District Designation, as detailed in Document 2;
     4. An amendment to the L2C Subzone to create a new subsection and establish new performance standards related to the new mixed-use development, including permitted uses, maximum building height, maximum podium heights, minimum tower setbacks, maximum permitted dwelling units, and minimum parking rates, as detailed in Documents 3, 4, 5, and 6;
     5. An amendment to the L2C Subzone to create a new subsection and establish new performance standards related to the new Event Centre (sports arena), including permitted uses, maximum building heights, minimum parking rates, and to add a new holding symbol to be removed upon Site Plan Approval, as detailed in Documents 3, 4, 5, and 6;
     6. An amendment to the Schedule 258-A to permit a new maximum building height of 138 metres for the new mixed-use development (Area N) and a new maximum building height of 15.5 metres for the new Event Centre (Area E), as detailed on Document 5; and
     7. A new Schedule to the Zoning By-law to delineate the area of the new mixed-use development (Area A) and the area of the new Event Centre (Area B), as detailed on Document 6.
  5. Direct Staff to develop a public realm improvement plan in association with the Site Plan Control application for the Event Centre and North Side Stands redevelopment, such that it addresses improvements in a phased approach and in coordination with construction staging, as described in this report, based on extensive public consultation; and develop a multi-year plan to fund design and implementation up to $10 million to be approved in future budgets.
  6. Approve the next phase of the property rights process as described in this report and as follows:
     
     1. Declare surplus the lands described as Parcel A as shown in Document 9 attached to this report and subject to final survey.
     2. Approve delegation of authority to the General Manager, Planning, Real Estate and Economic Development Department for the disposal of either the Lease Fee or Fee Simple subterranean and property air rights for Parcel A in keeping with the Council approved Disposal of Real Property Policy.
     3. Approve delegation of authority to the General Manager, Planning, Real Estate and Economic Development Department, for the acquisition of the subterranean and property air rights for retail development, in keeping with the Council approved Acquisition of Real Property Policy.
     4. Direct Staff to report back to Council on the results of the subterranean and property air rights disposal and property rights acquisition, prior to finalization, for approval.
  7. Direct Staff to undertake an analysis of the potential benefits and drawbacks associated with various project delivery models and report back on the recommended procurement delivery model for the construction of the Event Centre and North Side Stands for Council consideration and approval, on the understanding that staff will also report back on the results of the Event Centre and North Side Stands tender process and provide an update to the financial model including any variables such as the procurement method, interest rates, and results of the property air rights disposal, construction escalation, and schedule status.
  8. Direct the City Manager, in consultation with the Chief Financial Officer/Treasurer and City Solicitor to negotiate the amendments to the Lansdowne Partnership Plan agreements necessary to reflect the changes to the Partnership as described in this report and the decisions of Council.

4.

City Manager's Office

4.1

2023 Lansdowne Annual Report

File No.  ACS2023-CMR-OCM-0010 - Citywide

• Report Recommendation(s)

  That the Joint Finance and Corporate Services Committee and Planning and Housing Committee recommend Council receive the following status update report related to the Lansdowne Partnership Plan.

  1. The update from the City Manager outlining the delegated authority exercised from May 10, 2023 to date by the City Manager, the City Solicitor and the City Treasurer, under the finalized and executed Lansdowne Partnership Plan Legal Agreements;
  2. The update from the City Manager on the August 30, 2023 Lansdowne Master Partnership Meeting and Meetings Amongst Parties to the Unanimous Shareholder Agreements; and,
  3. The status update outlined in this report regarding the operations of the Lansdowne Public-Private Partnership as referenced in Section 11 of the 2022 - Procurement Year in Review report (ACS2023-FCS-PRO-0002).

5.

Adjournment