Item - 2021.MM31.42
Tracking Status
- City Council adopted this item on April 7 and 8, 2021 without amendments.
MM31.42 - Rapid Housing Initiative Budget Update - by Councillor Ana Bailão, seconded by Mayor John Tory
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on April 7 and 8, 2021, adopted the following:
1. City Council increase the 2021-2030 Council Approved Housing Secretariat Capital Budget and Plan for the Rapid Housing Initiative capital project by $6,324,500 gross and $0 debt in 2021, funded from the Land Acquisition Reserve Fund (XR1012) to support the commercial component of strategic acquisitions of sites identified under the Rapid Housing Initiative program.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2021/mm/bgrd/backgroundfile-165581.pdf
(April 7, 2021) Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2021/mm/bgrd/backgroundfile-165669.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, need to be waived to permit introduction of Motion MM31.42. A two-thirds vote of Council Members present is required to waive notice.
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM31.42 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.