Item - 2019.MM13.5
Tracking Status
- City Council adopted this item on December 17, 2019 without amendments.
MM13.5 - Release of Section 37 and Section 42 (Planning Act) Funds from Area Developments for Improvements at The Bentway and Fort York National Historic Site - by Councillor Joe Cressy, seconded by Councillor Mike Layton
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on December 17 and 18, 2019, adopted the following:
1. City Council increase the Approved 2019 Capital Budget for Waterfront Revitalization Initiative with total gross costs of $1,030,846.16 ($1,030,846.16 gross; $0 debt), with cash flow commitments of $1,030,846.16 in 2020, to create Project CWR003-35 for enhancements to public facilities, landscape features and trail connections at The Bentway and Fort York National Historic Site through Section 37 and Section 42 (Planning Act) community benefits, as follows:
a. Section 37 funds from 65 Grand Magazine, FYN Block 4A (formerly 20, 22, 22A, 24 Bathurst Street) in the amount of $604,651.16 (Source Account: XR3026-3701003); and
b. Section 42 funds from 65 Grand Magazine, FYN Block 4A (formerly 20, 22, 22A, 24 Bathurst Street) in the amount of $426,195.00 (Source Account: XR2213-4201251).
2. City Council authorize the Director, Waterfront Secretariat, City Planning, and the Director, Museums and Heritage Services, Economic Development and Culture to work with the appropriate staff of Waterfront Toronto and The Bentway Conservancy to realize these projects in 2020.
Background Information (City Council)
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM13.5 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.