Item - 2016.MM18.16
Tracking Status
- City Council adopted this item on May 3, 2016 without amendments.
- See also MM18.24
MM18.16 - Release of Section 37 Funds from the Development at 592 Sherbourne Street and 15 Shelby Street, for Streetscape Improvements to the Rekai Centre at Wellesley Central Place - by Councillor Kristyn Wong-Tam, seconded by Councillor Pam McConnell
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 27 - Toronto Centre-Rosedale
City Council Decision
City Council on May 3, 4 and 5, 2016, adopted the following:
1. City Council increase the 2016 Operating Budget for Non-Program by $4,500.00 gross, $0 net, fully funded by Section 37 funds obtained in the development at 592 Sherbourne Street and 15 Selby Street (source account: XR3026-3700736), for the purpose of providing one time capital funding for the installation of a depressed curb at the lay-by on the east side of Homewood Avenue (cost centre: NP2161).
2. City Council direct that the funds be released to Transportation Services upon the signing of an Undertaking by the Rekai Centre governing the use of the funds and the financial reporting requirements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2016/mm/bgrd/backgroundfile-92622.pdf
(May 4, 2016) Fiscal Impact Statement from the Deputy City Manager and Chief Financial Officer
https://www.toronto.ca/legdocs/mmis/2016/mm/bgrd/backgroundfile-93017.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM18.16 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.