Item - 2022.MM42.19
Tracking Status
- City Council adopted this item on April 6 and 7, 2022 without amendments.
MM42.19 - Release of Section 45(9) Funds from the Development at 75 Canterbury Place to CaterToronto for Capital Improvements to the Existing Restaurant Incubator Space at 5200 Yonge Street - by Councillor John Filion, seconded by Councillor Mike Colle
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 18 - Willowdale
City Council Decision
City Council on April 6 and 7, 2022 adopted the following:
1. City Council increase the 2022 Council Approved Operating Budget for Non-Program, on a one-time basis, by $30,000 gross, $0 debt, fully funded by Section 45(9) (Planning Act Reserve Funds) from the development at 75 Canterbury Place, secured for capital improvements in the vicinity of the subject site (Source Account: XR3028-4500239) for transfer to CaterToronto so that they may purchase durable commercial grade outdoor cooking grills (Cost Centre: NP2161).
2. City Council direct that the $30,000 be forwarded to CaterToronto upon the signing of an Undertaking by the organization governing the use of the funds, financial reporting requirements, and the return of unused funds and/or the return of the grills to the City should they discontinue or terminate their relationship with the City-owned retail space at 5200 Yonge Street.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2022/mm/bgrd/backgroundfile-223352.pdf
(April 6, 2022) Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2022/mm/bgrd/backgroundfile-224306.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM42.19 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.