Item - 2016.MM22.15

Tracking Status

City Council adopted this item on November 8, 2016 without amendments.

MM22.15 - Release of Section 37 Funds from the Development at 406 Adelaide Street East for Heritage Lighting Implementation at the Sony Centre for the Performing Arts - by Councillor Pam McConnell, seconded by Councillor Gary Crawford

Decision Type:: ACTION

Status:: Adopted

Ward:: 28 - Toronto Centre-Rosedale

City Council Decision

City Council on November 8 and 9, 2016, adopted the following:

1. City Council increase the approved 2016 Capital Budget for The Sony Centre by $85,000.00 gross, $0 net, fully funded by Section 37 community benefits obtained in the development of 406 Adelaide Street East (Source Account: XR3026-3700440), in order to fund implementation of heritage lighting improvements to the building.

Background Information (City Council)

Member Motion MM22.15
https://www.toronto.ca/legdocs/mmis/2016/mm/bgrd/backgroundfile-97916.pdf
(November 9, 2016) Fiscal Impact Statement from the Deputy City Manager and Chief Financial Officer
https://www.toronto.ca/legdocs/mmis/2016/mm/bgrd/backgroundfile-98322.pdf

Motions (City Council)

Motion to Waive Referral (Carried)

Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM22.15 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.

Motion to Adopt Item (Carried)