Item - 2022.MM42.1
Tracking Status
- City Council adopted this item on April 6 and 7, 2022 without amendments.
MM42.1 - Supporting the Bloor-Yorkville Business Improvement Area Purchase of New Seating in the Village of Yorkville Park - by Councillor Mike Layton, seconded by Councillor Kristyn Wong-Tam
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on April 6 and 7, 2022 adopted the following:
1. City Council increase the 2022 Council Approved Capital Budget for Economic Development and Culture on a one-time basis by $18,000 gross and $0 debt in project costs with cash flow funding of $18,000 in 2022, fully funded by Section 37 funds obtained from the development at 94 Cumberland Street (Source Account: XR3026-3700708), for the purchase of tables and chairs for the Village of Yorkville Park, in the Bloor-Yorkville Business Improvement Area (WBS element: CED104-05 – Planning Act Revenue Bloor Yorkville).
2. City Council direct that the $18,000 be forwarded to the Bloor-Yorkville 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/2022/mm/bgrd/backgroundfile-223307.pdf
(April 6, 2022) Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2022/mm/bgrd/backgroundfile-224283.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM42.1 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.