Item - 2014.MM54.24

City Council on July 8, 9, 10 and 11, 2014, adopted the following:

1.         City Council authorize the transfer of $357,267 from the Planning Act Reserve Fund (Source Account: XR3026-3700528), fully funded by Section 37 community benefits from the development at 2464, 2474 and 2490 Bloor Street West/1 Old Mill Drive, and $179,536 from the Planning Act Reserve Fund (Source Account: XR3026-3700604 ), from the development at 2500 Bloor Street West /2 Old Mill Drive, for a total of $536,803 to the Child Care Capital Reserve Fund XR1103, to provide funding for the construction by the Toronto District School Board of a non-profit childcare facility at Keele Street Junior and Senior Public School.

2.         City Council authorize an increase in the 2014 Approved Operating Budget for Children's Services of $536,803 gross, $0 net so that funds can be forwarded from the Child Care Capital Reserve Fund XR1103 to the Toronto District School Board in accordance with the terms of agreement between the City and the Toronto District School Board for the construction of the child care facility at Keele Street Junior and Senior Public School.

3.         City Council direct that, prior to any funds being forwarded to the Toronto District School Board, the Toronto District School Board enter into agreements with the City with respect to the specifications, construction and operation of the childcare facilities, and the transfer of funds from the City of Toronto to Toronto District School Board, with terms and conditions satisfactory to the General Manager, Children's Services and in a form satisfactory to the City Solicitor.

4.         City Council authorize and direct the appropriate City officials to take all necessary action to give effect to Council's decision and authorize the General Manager, Children's Services to execute the three agreements with the Toronto District School Board on behalf of the City.