Waive Presentation – Density Bonus Recalibration

Summary

• Council was asked to waive the staff presentation for the Density Bonus Recalibration report, allowing the item to proceed directly to deliberation without a formal verbal briefing.
• Density Bonus Contributions allow developers to build at higher densities than base zoning permits, in exchange for cash payments or in-kind contributions toward public amenities and affordable housing.
• Rates are reviewed every four years to reflect changes in market conditions; external consultants recommended keeping nine existing rates unchanged and increasing only four.
• Proposed amendments would also exempt secured market rental projects in the Joyce-Collingwood RM-10N zone from density bonus requirements, aligning it with other residential zones.
• The definition of eligible amenities would be expanded to include Cultural Facilities and Transportation and Public Realm Infrastructure, and eligibility criteria would be standardized across all density bonus zoning districts.

Vote

Documents

• Summary and Recommendation
• Referral Report dated March 28, 2023
• Draft Zoning and Dvelopment By-Law
• Yellow memorandum dated April 26, 2023
• Staff Presentation