Item - 2018.MM41.21
Tracking Status
- City Council adopted this item on May 22, 2018 without amendments.
MM41.21 - Release of Section 37 Funds from 2800 Bloor Street West to MABELLEarts for Capital Improvements to Mabelle Parkette - by Councillor Justin J. Di Ciano, seconded by Councillor Sarah Doucette
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 5 - Etobicoke-Lakeshore
City Council Decision
City Council on May 22, 23 and 24, 2018, adopted the following:
1. City Council increase the 2018 Approved Operating Budget for Non-Program on a one-time basis by $103,450.40 gross, $0 net, fully funded by Section 37 (Planning Act Reserve Funds) community benefits from 2800 Bloor Street West (Source Account: 220096) for transfer to MABELLEarts for the purpose of undertaking capital improvements to Mabelle Parkette (Cost Centre NP2161).
2. City Council direct that the $103,450.40 be forwarded to MABELLEarts, subject to the MABELLEarts 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-115254.pdf
(May 23, 2018) Fiscal Impact Statement from the Interim Chief Financial Officer
https://www.toronto.ca/legdocs/mmis/2018/mm/bgrd/backgroundfile-115639.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, need to be waived to permit introduction of Motion MM41.21. A two-thirds vote of Council Members present is required to waive notice.
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM41.21 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.