Item - 2023.MM11.8
Tracking Status
- City Council adopted this item on October 11, 2023 without amendments.
MM11.8 - Authorization to Release Section 37 Funds to Toronto Parking Authority for installation of an E-Station at Toronto Parking Authority Carpark 195 at 15 Price Street - by Councillor Dianne Saxe, seconded by Councillor Josh Matlow
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on October 11 and 12, 2023, adopted the following:
1. City Council increase the 2023-2032 Capital Budget for Toronto Parking Authority by $85,000.00 for installation of a Toronto Bike Share E-Station in Toronto Parking Authority Carpark 195 at 15 Price Street, including vegetation, seating, signage, and pavement markings (WBS: CPK462-01), fully funded by Section 37 community benefits secured from the following developments:
a. Section 37 community benefits secured for a future bike-share station from the development at 10 and 14 Prince Arthur Avenue, in the amount of $46,340.13 (Source Account: 220096); and
b. Section 37 community benefits secured for bicycle facilities from the development at 245-255 College Street and 39 and 40 Glasgow Street, in the amount of $38,659.87 (Source Account: XR3026-3700679).
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-239657.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-239840.pdf