Item - 2023.MM11.12

Tracking Status

  • City Council adopted this item on October 11 and 12, 2023 without amendments.

MM11.12 - Authorization to Release Section 37 Funds to Canada Ireland Foundation for ongoing renovations to the City-owned Building at 3 Eireann Quay - by Deputy Mayor Ausma Malik, seconded by Councillor Gord Perks

Decision Type:
ACTION
Status:
Adopted
Ward:
10 - Spadina - Fort York

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 by $500,000 gross, $0 net, (Cost Centre: NP2161) fully funded by Section 37 funds obtained from the development at 350 Queens Quay West (Source Account: XR3026-3701118), for the purpose of providing capital funding to Canada Ireland Foundation, a registered arts and cultural charity, in order to assist the ongoing renovation of a City-owned building at 3 Eireann Quay into a waterfront cultural and interpretive center.

 

2. City Council direct that the $500,000 be forwarded to Canada Ireland Foundation to assist the ongoing renovation of 3 Eireann Quay, upon the signing of an Undertaking by Canada Ireland Foundation to govern the use of the funds and the financial reporting requirements.

Background Information (City Council)

Motions (City Council)

Motion to Adopt Item (Carried)
Source: Toronto City Clerk at www.toronto.ca/council