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OLT-22-002229
the implementation of ten (10) bike-share stations, at locations as may be determined by the
Chief Planner and the General Manager, Transportation.
2
7.
Prior to the issuance of any above-grade building permit on each Block where bike repair
stations are planned for and identified in the Site Plan Application satisfactory to the Chief
Planner and the General Manager, Transportation, the Owner shall provide Financial Security
in the sum of Two Thousand Dollars ($2,000.00), indexed upwardly in accordance with the
Statistics Canada Non-Residential Construction Price Index for the Toronto Census
Metropolitan area, calculated from the effective date of the Order of the Tribunal on this By-
law to the date of the provision of the Financial Security, for each bike repair station per
Building for eight (8) bike repair stations for all Blocks on the Lands, and thereafter provide
evidence of installation in a form satisfactory to the General Manager, Transportation for such
Financial Security to be returned.
2
8.
Prior to the issuance of first above-grade building permit on each Block, the Owner shall
provide Financial Security for the provision of eight (8) real time transportation information
screens at a value of Five Thousand Dollars ($5,000.00) per display, indexed upwardly in
accordance with the Statistics Canada Non-Residential Construction Price Index for the
Toronto Census Metropolitan area, calculated from the effective date of the Order of the
Tribunal on this By-law to the date of the provision of the Financial Security, where planned
and thereafter provide evidence of installation, in such a form satisfactory to the General
Manager, Transportation for such Financial Security to be returned.
2
9.
Prior to the issuance of the first above-grade building Permit for any building on Block B,
any building on Block D, any building on Block C, or any building on Block E, in the event
that the Transit Corridor Study for Victoria Park Avenue has not commenced, the Owner shall
provide a cash contribution in the amount of One Hundred and Twenty Five Thousand Dollars
($125,000.00), indexed upwardly in accordance with the Statistics Canada Non-Residential
Construction Price Index for the Toronto Census Metropolitan area, calculated from the
effective date of the Order of the Tribunal on this By-law to the date of payment.
3
3
0.
1.
The Owner shall provide a PRESTO pass to each of the New Affordable Rental Units, each
pre-loaded with the value of one (1) yearly PRESTO fare to the satisfaction of the Chief
Planner and the General Manager, Transportation. The Owner shall ensure that such PRESTO
passes are available for the New Affordable Rental Units prior to such New Affordable Rental
Units being made available for Residential Occupancy in accordance with terms of the Section
3
7 Agreement.
The Owner shall provide 500 bike share annual memberships each for one (1) year, on a
phased basis for each Block where bike share stations are planned for and identified in the
Site Plan Application, to the satisfaction of the Chief Planner and the General Manager,
Transportation, of which, there shall be bike share memberships provided to each of the
Affordable Rental Units. The Owner shall ensure that such bike share annual memberships
are available for the New Affordable Rental Units, prior to such New Affordable Rental Units
being made available for Residential Occupancy in accordance with terms of the Section 37
Agreement.