Item - 2023.MM11.11

City Council on October 11 and 12, 2023, adopted the following:

1. City Council amend Parks, Forestry and Recreation's 2023 Capital Budget and 2024-2032 Capital Plan to create a new capital sub-project known as Lands South of Canoe Landing Park in the Park Development project, with a project cost of $798,970 and future year commitments of $200,000 gross and $0 debt in 2024 and $598,970 gross and $0 debt in 2025, fully funded by Section 37 (Planning Act Reserve Fund) community benefits collected from 23 Spadina Avenue (Source Account: XR3026-3701142) for the purpose of transferring funds to the Bentway Conservancy to design and undertake public engagement for the space south of Canoe Landing Park under the Gardiner Expressway.

2. City Council authorize the Acting General Manager, Parks, Forestry and Recreation or the General Manager, Transportation Services to execute, on behalf of the City, an agreement with the Bentway Conservancy to fund design work and public engagement in relation to the space south of Canoe Landing Park under the Gardiner Expressway, to a maximum of $798,970 (inclusive of applicable taxes and charges) on terms and conditions acceptable to the Acting General Manager, Parks, Forestry and Recreation or the General Manager, Transportation Services, and in a form satisfactory to the City Solicitor.

3. City Council authorize a transfer of Section 37 funds in the amount of $798,970 to the Bentway Conservancy to fund the design and public engagement related to the space south of Canoe Landing Park under the Gardiner Expressway, with funding from the Lands South of Canoe Landing Park sub-project in the Park Development project, in Parks, Forestry and Recreation's 2023 Capital Budget and 2024-2032 Capital Plan, subject to the Bentway Conservancy entering into an agreement with the Acting General Manager, Parks, Forestry and Recreation or the General Manager, Transportation Services.