Item - 2023.MM11.1
Tracking Status
- City Council adopted this item on October 11 and 12, 2023 without amendments.
MM11.1 - Authorization to Release Section 37 Funds to the Mount Dennis Business Improvement Area, for the Installation of New, Energy-efficient, Decorative Lamp Standards at Various Locations - by Councillor Frances Nunziata, seconded by Councillor Vincent Crisanti
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 5 - York South - Weston
City Council Decision
City Council on October 11 and 12, 2023, adopted the following:
1. City Council increase the 2023 Operating Budget for Non-Program, on a one-time basis, by $26,886.71 gross, $0 net, fully funded by Section 37 (Planning Act Reserve Funds) from the development at 1391 Weston Road, secured for local business improvements (Source Account: 220096), for transfer to the Mount Dennis Business Improvement Area for installation of improved lamp standards within the Business Improvement Areas boundaries (Cost Centre: NP2161).
2. City Council direct that the $26,886.71 be forwarded to the Mount Dennis Business Improvement Area upon the signing of an Undertaking by the organization that governs the use of the funds and the financial reporting requirements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-239450.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-239797.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM11.1 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.