Item - 2021.MM37.25
Tracking Status
- City Council adopted this item on November 9, 2021 without amendments.
MM37.25 - Authorization to Release Section 37 Funds from the 601-613 Yonge Street Development in Order to Fabricate and Install Branded Street Name Signs for the Church Wellesley Village - by Councillor Kristyn Wong-Tam, seconded by Councillor Josh Matlow
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 13 - Toronto Centre
City Council Decision
City Council on November 9, 10 and 12, 2021, adopted the following:
1. City Council increase the Approved 2021-2030 Capital Budget and Plan for Transportation Services by $11,751.89 gross, $0 debt, with cash flow commitments of $11,751.89 in 2022, fully funded by Section 37 community benefits obtained from the development at 601-613 Yonge Street (Source Account: 220096), to be utilized to fabricate and install branded street name signs for the Church Wellesley Village (Signs and Markings Asset Management, CTP421-05).
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2021/mm/bgrd/backgroundfile-172696.pdf
(November 9, 2021) Fiscal Impact Statement submitted by the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2021/mm/bgrd/backgroundfile-173130.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM37.25 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.