Ontario Construction News staff writer
The Ontario Land Tribunal (OLT) approved a settlement agreement negotiated by the Town of Oakville regarding a development at the corner of Lakeshore Road and East Street in the Bronte area.
the Livable Oakville Plan will proceed with a 10-storey mixed-use building and the developer will pay $790,000 to the town for local improvements within the Bronte area. The funds, adjusted for inflation, won’t be received by the town until the developer receives an above-grade building permit.
“Oakville grows more livable with this decision that sticks to our unanimous official plan,” said Mayor Rob Burton. “The funds achieved through the use of the bonusing tool will enhance community infrastructure in the Bronte area for all residents to enjoy.”
The original application from the developer for 15-storeys was appealed to the OLT by the in January 2022 and a settlement was approved by council on May 2.
The revised development conforms with the policies of the town’s Official Plan which allows for consideration of up to 10-storeys if community benefits were provided in exchange for height above six storeys and the development was otherwise considered appropriate for the area.
The additional funding must be used for enhancements to parkland, streetscapes, public art and other matters set out in the official plan.
“This settlement moves us closer to the town’s vision for Bronte area as a vibrant and thriving neighbourhood. Residents have been waiting for some time to see the decision from the OLT,” said Councillor Beth Robertson. “This is great news for our community and want to thank the many active voices from the neighbourhood that helped inform our approach.”
More information is available in the town’s staff report.