Bayly/Harwood

Staff Presentation to Council

July 7, 2011

Development Agreement and

Agreement of Purchase and Sale

Medallion Developments (Bayly Square)

Limited

Development Concept

Pat Bayly Square

Pat Bayly/Defence Industries Limited

Historic Unifying Elements

◦ Text describing DIL and Pat Bayly

to be included as Schedules to

the Agreement;

◦ Descriptions/references to

contributions to be included as

part of detailed project design;

◦ To be implemented through Site

Plan Approval for proposed

buildings and Civic Square

works.

Pat Bayly Square Context

Perspective –View Southwest

Phase 1

Phase 2

Phase 3

Project PhasingPhase Proposed

Construction

Start

Buildings to

be

Constructed

No. of

Units

Non-

Residential

Floor Area

(m2)

1* Buiding A -

January 1, 2013

Building B – April

1, 2014

A, then B 623 4,985

2 2016 C, then D 754 1,115

3 2020 E, then F 461 600

1,838 6,700

* Includes Civic Square

Green Development Provisions

Element Description

Parking Any parking above Zoning requirements to provide roughed-in conduits for future electrical

outlets for plug-in electrical vehicles.

Cycling/

Pedestrian

Infrastructure

Bicycle parking to be provided based on assessment of need - in a weather-protected, secure area

with controlled access. Commercial/office – requires 0.2 spaces per 100 m2 gross floor area.

Buildings to connect to off-site pedestrian paths, transit stops, parking areas. Outdoor waiting areas

to be weather protected. Pedestrian lighting to be directed to sidewalks, entrances, waiting areas.

Urban Heat

Island/

Landscape

Elements

Large growing shade trees at 6-8 metre intervals along all frontages. Minimum 50% water efficient

plant material for soft landscaped areas. Minimum 50% native vegetation species.

Environmentally Conscious Roofing Systems (white roofs/organic/green roofs sustainable power

elements [i.e. solar] to be incorporated wherever feasible.

Energy In-suite electrical metres for all residential units.

Stormwater Buildings to retain 25 mm from a 24 hour rainfall event for rainwater reuse and infiltration.

Bird Friendly

Design

Risk of migratory bird collisions to be minimized through appropriate glass treatments. Ground

level ventilation grate porosity - less than 2 cm x 2 cm.

Light Pollution Exterior lighting to be shielded to prevent glare/light trespass. Up-lighting only for public art or

displays.

Recycling/

Organics

Dedicated area provided within buildings for collection & storage of recycling & organic waste.

(Consistent with LEED Standards)

Economic Analysis

Summary of Economic Benefits (Altus Group):

◦ From 2026 onward, annual Town property taxes estimated at $1.4 million;

◦ Upon completion, office and retail components estimated to employ 246

persons, with 107 persons employed indirectly elsewhere ($16.5 million in

wages and salaries);

◦ 15 – 20 jobs to be generated on-site to service the residential component;

◦ Total population at build-out estimated at 3,190 persons;

◦ Residents will spend $71.6 million on goods and services each year –

existing and future retail and personal service outlets will capture a sizeable

share of this spending;

◦ In total, an estimated 7,090 person years of direct and indirect employment

will be generated over the life of the Medallion development;

◦ Direct and indirect construction-related employment will earn almost $360

million in wages and salaries (2010 constant dollars) while construction is

underway;

◦ The Region will receive $17.1 million in development charges imposed on

the proposed development, based on current rates.

Downtown CIP Incentives

Program Description Breakdown Total Value

Rehabilitation Grant

Program (TIF)

Rebate of 80% of the increase

in the municipal property

taxes until December 31,

2025.

Annual Rebate:

2014 – 2015 $382,832/yr

2016 – 2017 $807,568/yr

2018 – 2026 $812,752/yr

2027 $704,084

$10,399,652.00

Planning and Development

Fees Grant Program

Full rebate of development

application processing fees.

Site Plan Application Fees:

Phase 1 $149,049.50

Phase 2 $137,240.50

Phase 3 $111,660.00

Total $397,950.00

Building Permit Fees:

Phase 1 $506,099.92

Phase 2 $597,999.72

Phase 3 $369,713.88

Total $1,474,013.52

$1,871,963.52

Development Charge

Exemption/Grant Program

Full exemption of the Town’s

Development Charges for

residential, commercial and

office development.

Phase 1 $3,454,972

Phase 2 $4,007,409

Phase 3 $2,438,425

Total $9,900,806.00

$9,900,806.00

Total $22,172,421.52

Summary of Project BenefitsProject Benefit Details

Economic Stimulus 246 jobs at project completion

$16.5 million in wages and salaries upon full completion

$360 million in wages and salaries while project is underway

Residents projected to spend $71.6 million on goods and services each year at completion.

7,090 person years of direct and indirect employment over the life of the project

$17.1 million in Regional Development Charges

DowntownVision Establishes an unparalleled landmark mixed use urban presence at the primary Gateway to

the Downtown. Achieves numerous policy objectives. Delivers the Town’s intensification

target for the Downtown. Upholds Town policies regarding density, height, mix of uses,

building formats.

Pat Bayly Square Overdedication of public parkland enables the development of a well designed, multi-

purpose and unique public gathering place - a civic focus at the centre of the Downtown.

Downtown Servicing Construction of external infrastructure will benefit the subject lands and surrounding area,

enabling other potential intensification projects in the Downtown.

Sustainable Elements Components include cycling and pedestrian infrastructure, energy conservation measures,

storm water re-use, landscape elements, recycling and organics collection, reduction of light

pollution, etc.

Historic Elements DIL and Pat Bayly historic elements to be included as elements in detailed project design.

Public Parking Public (shared) parking included at no cost to the Town. On-street parking included.

Kitney Drive ext’n Construction of Kitney Drive to be included as part of the project at no cost to the Town.

Timing/Certainty Project to commence by early 2013. Uncertainty of timing and format is eliminated.