Item - 2018.MM41.17
Tracking Status
- City Council adopted this item on May 22, 2018 with amendments.
MM41.17 - Authorization to Release Section 37 Funds to Transportation Services Division for Public Realm and Laneway Improvements in the area near Trent Avenue, Kelvin Avenue and Luttrell Avenue - by Councillor Mary-Margaret McMahon, seconded by Councillor Gary Crawford
- Decision Type:
- ACTION
- Status:
- Amended
- Ward:
- 32 - Beaches-East York
City Council Decision
City Council on May 22, 23 and 24, 2018, adopted the following:
1. City Council amend the Approved 2018-2027 Capital Budget and Plan for Transportation Services by increasing total project costs of $300,000 and cash flow commitments of $100,000 gross, $0 debt, in 2018 and $200,000 gross, $0 debt, in 2019, both on a one-time basis for the Neighbourhood Improvement Program (CTP417 - Danforth East Streetscape Improvements); and the 2018 Operating Budget for Transportation Services by $110,042.57 gross, $0 net (TP0403); all fully funded by Section 37 community benefits obtained from the development at 14 Trent Avenue ($307,531.93 from Source Account XR3026-3700796 and $102,510.64 from Source Account XR3026-3700797) to implement public realm and laneway improvements in the area of Trent Avenue, Kelvin Avenue and Luttrell Avenue in the Danforth East neighbourhood within Ward 32.
2. City Council forward $89,383 to The Laneway Project, subject to The Laneway Project signing an Undertaking governing the use of the funds and the financial reporting requirements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2018/mm/bgrd/backgroundfile-115062.pdf
(May 23, 2018) Fiscal Impact Statement from the Interim Chief Financial Officer
https://www.toronto.ca/legdocs/mmis/2018/mm/bgrd/backgroundfile-115637.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM41.17 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.
That in accordance with the provisions of Chapter 27, Council Procedures, City Council reconsider Motion MM41.17.
That City Council forward $89,383 to The Laneway Project, subject to The Laneway Project signing an Undertaking governing the use of the funds and the financial reporting requirements.