Item - 2020.MM25.13
Tracking Status
- City Council adopted this item on October 27, 2020 without amendments.
MM25.13 - Authorization to Release Section 37 funds to fund the Revitalization of Wellington Street East - by Councillor Kristyn Wong-Tam, seconded by Councillor Joe Cressy
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 13 - Toronto Centre
City Council Decision
City Council on October 27, 28 and 30, 2020, adopted the following:
1. City Council amend the Approved 2020 - 2029 Council Capital Budget and Plan for Economic Development and Culture by increasing the project cost for the PAR St. Lawrence Market project (CED104-24) by $343,633.72 gross and $0 net from $1,100,000 to $1,443,633.72 with future cash flow commitment of $343,633.72 in 2021, fully funded by Section 37 community benefits obtained from the development at 177, 183, and 197 Front Street East and 15-21 Lower Sherbourne Street and 200 The Esplanade (Source Account: XR3026-3700943), for streetscape improvements on Wellington Street East.
Background Information (City Council)
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM25.13 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.