Item - 2018.MM36.4
Tracking Status
- City Council adopted this item on January 31, 2018 without amendments.
MM36.4 - Authorization to Release Section 45 Funds from the development at 2242-2246 Lake Shore Boulevard West to Lakeshore Arts for Mural Art at the Eighth Street Skateboard Park - by Councillor Mark Grimes, seconded by Councillor Sarah Doucette
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 6 - Etobicoke-Lakeshore
City Council Decision
City Council on January 31 and February 1, 2018, adopted the following:
1. City Council increase the 2018 Operating Budget for Non-Program, subsequent to its approval by Council, on a one time basis by $5,000.00 gross, $0 net, fully funded by Section 45(9) funds obtained in the development at 2242-2246 Lake Shore Boulevard West (Source Account: XR3028-4500028) for the purpose of providing one time capital funding to Lakeshore Arts for the creation of Mural Art at the Eighth Street Skateboard Park in the Mimico area of Ward 6 (Cost Centre: NP2161).
2. City Council direct that the funds be forwarded to Lakeshore Arts upon the signing of an Undertaking by Lakeshore Arts that governs the use of the funds and the financial reporting requirements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2018/mm/bgrd/backgroundfile-111708.pdf
(February 1, 2018) Fiscal Impact Statement from the Interim Chief Financial Officer
https://www.toronto.ca/legdocs/mmis/2018/mm/bgrd/backgroundfile-112374.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM36.4 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.