Item - 2016.MM20.25
Tracking Status
- City Council adopted this item on July 12, 2016 without amendments.
MM20.25 - Authorization to Release Section 37 Funds for Community Improvements to create Privately Owned Publicly Accessible Open Space on Central Technical School Lands at 693 Bathurst Street - by Councillor Joe Cressy, seconded by Councillor Mike Layton
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 20 - Trinity-Spadina
City Council Decision
City Council on July 12, 13, 14 and 15, 2016, adopted the following:
1. City Council increase the approved 2016 Operating Budget for Non-Program by $2,542.60 gross, plus any and all interest that may accrue in the source account, $0 net, fully funded by Section 37 funds received from the development at 783 Bathurst Street (Source Account: XR3026-3700497) for public realm improvements at Central Technical School located at 693 Bathurst Street that include landscaping improvements abutting the northeast corner of Bathurst and Harbord Streets to create a form of Privately Owned Publicly Accessible Open Space.
2. City Council direct that the $2,542.60 plus any and all interest that may accrue in source account XR3026-3700497 be forwarded to Raizenne Inc. directly, in accordance with the agreed upon payment schedule approved by the Director, Community Planning, Toronto and East York District.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2016/mm/bgrd/backgroundfile-94827.pdf
(July 13, 2016) Fiscal Impact Statement from the Deputy City Manager and Chief Financial Officer
https://www.toronto.ca/legdocs/mmis/2016/mm/bgrd/backgroundfile-95105.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM20.25 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.