Item - 2019.MM8.45
Tracking Status
- City Council adopted this item on June 18 and 19, 2019 without amendments.
MM8.45 - Authorization to Release Section 37 Funds from the Development at 20 to 26 Lombard Street to the St. Lawrence Market Neighbourhood Business Improvement Area for Capital Improvements to Nicholson Lane - 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 June 18 and 19, 2019, adopted the following:
1. City Council increase the approved 2019 Operating Budget for Non-Program by $60,000.00 gross, $0 net fully funded by Section 37 community benefits obtained in the development of the lands now known as 20 to 26 Lombard Street and 25 Richmond Street East (source account XR3026-3700826), for the purpose of forwarding funds to the St. Lawrence Market Neighbourhood Business Improvement Area for capital improvements to Nicholson Lane (Cost Centre NP2161).
2. City Council direct that the $60,000.00 be forwarded to the St. Lawrence Market Neighbourhood Business Improvement Area, subject to the Business Improvement Area 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-134909.pdf
(June 19, 2019) Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2019/mm/bgrd/backgroundfile-135038.pdf
Motions (City Council)
That Councillor Kristyn Wong-Tam be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
Authorization to Release Section 37 Funds from the Development at 20 to 26 Lombard Street to the St. Lawrence Market Neighbourhood Business Improvement Area for Capital Improvements to Nicholson Lane
Reason for Urgency:
This Motion is urgent as the St. Lawrence Market Neighbourhood Business Improvement Area would like to begin improvements to Nicholson Lane this summer.
Vote (Adopt Item) Jun-19-2019 2:39 PM
| Result: Carried | Majority Required - MM8.45 - Adopt the item |
|---|---|
| Total members that voted Yes: 23 | Members that voted Yes are Paul Ainslie, Ana Bailão, Brad Bradford, Shelley Carroll, Mike Colle, Joe Cressy, John Filion, Paula Fletcher, Michael Ford, Stephen Holyday, Jim Karygiannis, Cynthia Lai, Mike Layton, Josh Matlow, Jennifer McKelvie, Denzil Minnan-Wong, Frances Nunziata (Chair), James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, John Tory, Kristyn Wong-Tam |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 3 | Members that were absent are Gary Crawford, Mark Grimes, Michael Thompson |