Item - 2019.MM11.2
Tracking Status
- City Council adopted this item on October 29 and 30, 2019 without amendments.
MM11.2 - Authorization to Release Section 37 Funds from the Development at 355 Church Street to Family Service Toronto for Capital Improvements to their Ground Floor Social Enterprise at 355 Church Street - by Councillor Kristyn Wong-Tam, seconded by Councillor Mike Layton
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 13 - Toronto Centre
City Council Decision
Councillor Kristyn Wong-Tam, seconded by Councillor Mike Layton, recommends that:
1. City Council increase the Approved 2019 Operating Budget for Non-Program by a one-time basis by $179,135.87 gross, $0 net, fully funded by Section 37 (Planning Act Reserve Funds) community benefits from 355 Church Street (Source Account: XR3026-3700685) for transfer to Family Service Toronto for capital improvements for their ground floor social enterprise located at 355 Church Street (Cost Centre: NP2161).
2. City Council direct that the $179,135.87 be forwarded to Family Service Toronto, subject to the organization signing an Undertaking governing the use of the funds and the financial reporting requirements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2019/mm/bgrd/backgroundfile-139209.pdf
(October 29, 2019) Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2019/mm/bgrd/backgroundfile-139536.pdf
Motions (City Council)
Speaker Frances Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM11.2 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.