Item - 2016.MM23.15
Tracking Status
- City Council adopted this item on December 13, 2016 without amendments.
MM23.15 - Authorization to Release Section 45 Funds, 608-618 Yonge Street, 5-9 St. Joseph Street, 15-25 St. Nicholas Street to the 34 Isabella Street Accessibility Improvements Project (Canadian Lesbian and Gay Archives) - by Councillor Kristyn Wong-Tam, seconded by Councillor Shelley Carroll
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 27 - Toronto Centre-Rosedale
City Council Decision
City Council on December 13, 14 and 15, 2016, adopted the following:
1. City Council increase the approved 2016 Non-Program Operating Budget by $45,750.00 gross, $0 net, fully funded by Section 45 community benefits from the development at 608-618 Yonge Street, 5-9 St. Joseph Street, and 15-25 St. Nicholas Street (source account: XR3028- 4500155), for the transfer to the Canadian Lesbian and Gay Archives for capital improvements to the building at 34 Isabella Street (cost centre NP2161).
2. City Council direct that the $45,750.00 be forwarded to the Canadian Lesbian and Gay Archives upon the signing of an Undertaking by the Archives 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-99031.pdf
(December 14, 2016) Fiscal Impact Statement from the Deputy City Manager and Chief Financial Officer
https://www.toronto.ca/legdocs/mmis/2016/mm/bgrd/backgroundfile-99235.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM23.15 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.