Item - 2019.MM5.9
Tracking Status
- City Council adopted this item on March 27 and 28, 2019 without amendments.
MM5.9 - Authorization to Release Section 37 Funds from 250 Davenport Road to the Toronto Community Housing Corporation for Improvements to Indoor Amenity Spaces at 250 Davenport Road - by Councillor Mike Layton, seconded by Councillor Joe Cressy
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on March 27 and 28, 2019, adopted the following:
1. City Council increase the Approved 2019 Operating Budget for Shelter, Support and Housing Administration by $318,042.81 gross, $0 net, fully funded by Section 37 funds received in the development at 250 Davenport Road (Source Account: XR3026-3700936) for transfer to the Toronto Community Housing Corporation for improvements to indoor amenity spaces at 250 Davenport Road (FD5101).
2. City Council direct that the $318,042.81 be forwarded to the Toronto Community Housing Corporation upon the signing of an Undertaking by the Toronto Community Housing Corporation 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-131061.pdf
(March 26, 2019) Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2019/mm/bgrd/backgroundfile-131258.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM5.9 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.