Item - 2022.MM42.42
Tracking Status
- City Council adopted this item on April 6 and 7, 2022 without amendments.
MM42.42 - Release of Section 37 funds to the St. Lawrence Market Neighbourhood BIA for streetscape and public realm improvements in the St. Lawrence Community - by Councillor Kristyn Wong-Tam, seconded by Councillor Joe Cressy
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 13 - Toronto Centre
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 by $400,000.00 gross, $0 net, on a one-time basis, fully funded by Section 37 community benefits obtained in the development of the lands known as 25 Ontario Street and 280 King Street East (source account XR3026-3701013), for the purpose of forwarding funds to the St. Lawrence Market Neighbourhood Business Improvement Area for streetscape and public realm improvements in the St. Lawrence Community (cost centre NP2161).
2. City Council direct that the $400,000.00 be forwarded to the St. Lawrence Market Neighbourhood 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)
Motions (City Council)
That Councillor Kristyn Wong-Tam be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
Release of Section 37 funds to the St. Lawrence Market Neighbourhood Business Improvement Area for Streetscape and Public Realm Improvements in the St. Lawrence Community
Reason for Urgency:
This Motion is urgent as this construction work is currently underway and the Business Improvement Area has already incurred significant costs to ensure the project is completed on time.