This settlement agreement amends the Zoning By-law to permit one block of five 3 storey townhouses, one 32 storey building, and one 25 storey building to be developed and added to the lands currently occupied by three residential rental buildings. There are three rental apartment buildings already on site: a 17 storey building at 111 Pacific Ave with 243 rental units; a 23 storey building at 255 Glenlake Ave with 336 rental units; and a 12 storey building at 66 Oakmount Road with 171 rental units. The three existing buildings will be retained.