Item - 2018.MM43.24

City Council on June 26, 27, 28 and 29, 2018, adopted the following:

1. City Council increase the Approved 2018 Operating Budget of Shelter, Support and Housing Administration on a one-time basis by $1,006,500 gross, $0 net, for transfer to the Toronto Community Housing Corporation for capital improvements including safety and lighting upgrades to various Toronto Community Housing Corporation properties in Ward 27 (Cost Centre: FD5101), fully funded by Section 37 (Planning Act Reserve Fund) community benefits from the following developments:

 
a. 45 Charles Street East, secured for capital improvements to Toronto Community Housing Corporation buildings in Ward 27, in the amount of $164,686.16 (Source Account: XR3026-3700661);

b. 145 and 185 Davenport Road, secured for capital improvements to affordable housing in Ward 27, in the amount of $556.25 (Source Account: XR3026-3700580);

c. 984, 990 and 1000 Bay Street, secured for capital improvements for local Toronto Community Housing buildings, in the amount of $2,225.00 (Source Account: XR3026-3700611);

d. 21 Avenue Road, secured for capital improvements to affordable housing in Ward 27, in the amount of $31,707.93 (Source Account: XR3026-3700592);

e. 951 to 971 Bay Street and 36 Wellesley Street West, secured for capital improvements to Toronto Community Housing Corporation properties in Ward 27, in the amount of $434,568.95 (Source Account: XR3026-3700645);

f. 64 to 70 Shuter Street, secured for capital improvements to Toronto Community Housing Corporation buildings in Ward 27, in the amount of $870.10 (Source Account: XR3026-3700664);

g. 501-521 Yonge Street, 6-8 Alexander Street and 23 Maitland Street, secured for affordable housing and Toronto Community Housing within Ward 27, in the amount of $177,885.00 (Source Account: XR3026-3700799);

h. 17 Dundonald Street, secured for capital improvements for Toronto Community Housing in Ward 27, in the amount of $103,560.71 (Source Account: XR3026-3700745); and

i. 43, 49 and 51 Gerrard Street West and 695 Bay Street, secured to be used for new affordable housing or a community recreation centre in Ward 27, in the amount of $90,439.90 (Source Account: XR3026-3700691).

 
2. City Council direct that $1,006,500.00 be forwarded to the Toronto Community Housing Corporation, subject to Toronto Community Housing Corporation signing an Undertaking governing the use of the funds and the financial reporting requirements.