Item - 2023.MM6.11
Tracking Status
- City Council adopted this item on May 10, 11 and 12, 2023 without amendments.
MM6.11 - Authorization to Release Section 37 Funds from the Development at 500 Sherbourne Street to Community Matters Toronto for Mural Art on Bell Utility Boxes in Toronto Centre - by Councillor Chris Moise, seconded by Councillor Shelley Carroll
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 13 - Toronto Centre
City Council Decision
City Council on May 10, 11 and 12, 2023, adopted the following:
1. City Council increase the 2023 Operating Budget for Non-Program by $19,200 gross, $0 net, for the purpose of providing one-time capital funding to Community Matters Toronto to complete twelve murals on Bell Boxes in various locations in Toronto Centre - Ward 13, (Cost Centre: NP2161) fully funded by Section 37 (Planning Act Reserve Fund) community benefits collected from the development at 500 Sherbourne Street, secured for public art (Source Account: XR3026-3700240).
2. City Council direct that the funds in Part 1 above be forwarded to Community Matters 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-236258.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-236480.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM6.11 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.