Item - 2022.MM41.14
Tracking Status
- City Council adopted this item on March 9, 2022 without amendments.
MM41.14 - Release of Section 37 Funds for a Waterfront Toronto Public Art Commission at the King/Queen Triangle - by Councillor Kristyn Wong-Tam, seconded by Councillor Joe Cressy and Councillor Paula Fletcher
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 13 - Toronto Centre
City Council Decision
City Council on March 9, 2022, adopted the following:
1. City Council increase the Council approved 2022 Capital Budget for Economic Development and Culture by $1,528,150 gross and $0 debt in project costs with cash flow funding of $1,528,150 in 2022, fully funded by Section 37 community benefits obtained from the development at 1-25 Defries Street (Source Account: XR3026-3701147), to create a new project for the purpose of providing one time capital funding to Waterfront Toronto for a public art commission at the King/Queen Triangle.
2. City Council direct that the funds be forwarded to Waterfront Toronto upon the signing of a Delivery Agreement that governs the use of the funds and that outlines the scope of work, subject to terms satisfactory to the General Manager, Economic Development and Culture.
Background Information (City Council)
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM41.14 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.