Item - 2022.MM42.22

Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM42.22 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.

That:

1. City Council delete the Recommendations and adopt instead the following new Recommendations:

1. City Council approve an amendment to Parks, Forestry and Recreation's 2022-2031 Council Approved Capital Budget and Plan to create a new capital sub-project known as 505 Richmond YMCA Funding in the Community Centre project, with a project cost of $21,000,000 and future cash flow commitments of $21,000,000 in 2023, fully funded by Section 37 and Section 45 (Planning Act Reserve Fund) community benefits collected from the following developments, to transfer funds to the YMCA of Greater Toronto ("YMCA") for the purpose of repaying a portion of the construction loan once the General Manager of Parks, Forestry and Recreation is satisfied that the Project has been substantially performed and no liens are registered on title, on terms and conditions satisfactory to the Chief Financial Officer and Treasurer, the General Manager, Parks, Forestry and Recreation, and in a form satisfactory to the City Solicitor.

a.  602 - 622 King St. W., 499, 503 and 505 Adelaide Street West and 1 and 11 Adelaide Place, secured for community services and facilities in the Ward, in the amount of $269,880.47 (Source Account: XR3026-3700804);

b.  604-618 Richmond Street West, secured for the construction of a community centre or community facility in the King-Spadina Area, in the amount of $369,070.93 (Source Account: XR3026-3700788);

c.  15 – 35 Mercer Street, secured toward the construction of the YMCA facility to be constructed at 505 Richmond Street West, in the amount of $3,020,720.90 (Source Account: XR3026-3700918);

d.  23 Spadina Avenue, secured toward the construction of the YMCA facility to be constructed at 505 Richmond Street, in the amount of $2,586,438.70 (Source Account: XR3026-3701098);

e.  410, 440, 444, 450 and 462 Front Street West, secured toward the construction of the YMCA facility to be constructed at 505 Richmond Street, in the amount of $1,054,704.41 (source account number XR3026-3700899);

f.   543-553 Richmond Street West, secured toward the construction of the YMCA facility to be constructed at 505 Richmond Street, in the amount of $446,429.01 (source account number XR3026-3701090);

g.  19 Duncan Street and 219-223 Adelaide Street West, secured for community services and facilities in the King-Spadina Area, in the amount of $2,198,148.11 (Source Account: XR3026-3700985);

h.  100, 104 Adelaide Street West and 22 Sheppard Street, secured for community improvements, in the amount of $1,068,596.50 (Source Account: XR3028- 4500143);

i.  103-111 Bathurst Street, secured for capital improvements to arts, culture, community amenities in the Ward), in the amount of $548,376.77 (Source Account: XR3026-3700613);

j.  328 to 340 Adelaide Street West, secured for the provision of community services and facilities in the Ward, in the amount of $248,212.46 (Source Account:XR3026-3700727);

k.  40-58 Widmer Street, secured for the provision of community services and facilities in the Ward, in the amount of $1,401,521 (Source Account: XR3026-3701104);

l.  56 Blue Jays Way, secured for capital improvements to non-profit arts, community and cultural facilities, in the amount of $1,265,427 (Source Account: XR3026-3700330);

m.  30 Widmer Street and 309-315 Adelaide Street West, secured community services and facilities including the YMCA facility at 505 Richmond Street West, in the amount of $2,099,324.07 (Source Account: XR3026-3701074);

n.  81 and 87 Peter Street, secured for community services and facilities in the King Spadina area, in the amount of $1,389,175.45 (Source Account: XR3026-3700598);

o.  102 -118 Peter Street and 350-354 Adelaide Street West, secured towards the YMCA at 505 Richmond Street West, in the amount of $1,280,881.05 (Source Account: XR3026-3701119);

p.  283 Adelaide Street West, for community services, facilities and/or parkland and park improvements in Ward 20 (now Ward 10), in the amount of $1,349,083.17 (Source Account: XR3026-3700926);

q.  426 - 444 Adelaide Street West, secured for parks, public realm, or community facilities in the Ward 20, in the amount of $840.00 (Source Account: XR3028- 4500140);

r.  452-458 Richmond Street West, secured for community services and facilities in the vicinity of the lot, in the amount of $305,710.00 (Source Account: XR3026-3701126); and

s.  156-174 Front Street West and 43-51 Simcoe Street, secured for community services and facilities in the Ward, in the amount of $97,460 (Source Account: XR3026-3701065).

2.  City Council authorize the General Manager of Parks, Forestry and Recreation to negotiate and sign a funding agreement between the City and the YMCA of Greater Toronto, to allow for the transfer of up to $19.0 million, plus interest accrued on the City's share of the Project cost (2/3 of the capitalized interest from the construction period), from the City to the YMCA, to be used for the purpose of repaying a portion of the construction loan once the General Manager of Parks, Forestry and Recreation is satisfied that the Project has been substantially performed and no liens are registered on title, on terms and conditions satisfactory to the Chief Financial Officer and Treasurer, the General Manager, Parks, Forestry and Recreation, and in a form satisfactory to the City Solicitor.