Item - 2023.MM11.28
Tracking Status
- City Council adopted this item on October 11 and 12, 2023 without amendments.
MM11.28 - Authorization to Release Section 37 Funds from the Development at 176-178 Front Street East and 33 Sherbourne Street to Anishnawbe Health Toronto - by Councillor Chris Moise, seconded by Councillor Dianne Saxe
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 13 - Toronto Centre
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 $1,066,666 gross, $0 net, for the purpose of providing one-time capital funding to Anishnawbe Health Toronto for improvements to the Indigenous Community Hub facility at 425 Cherry Street (Cost Centre: NP2161), fully funded by Section 37 (Planning Act Reserve Fund) community benefits collected from the development at 176-178 Front Street East and 33 Sherbourne Street for community facilities (Source Account: XR3026- 3701237).
2. City Council direct that the funds be forwarded to Anishnawbe Health Toronto upon the signing of an Undertaking 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-239853.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-239903.pdf
Motions (City Council)
That Councillor Chris Moise be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
Authorization to Release Section 37 Funds from the Development at 176-178 Front Street East and 33 Sherbourne Street to Anishnawbe Health Toronto
Reason for Urgency:
This Motion is urgent as Anishnawbe Health Toronto requires the funding as soon as possible, as their new hub is nearing completion.