Item - 2023.MM7.11

City Council on June 14 and 15, 2023, adopted the following:

1. City Council authorize the City Manager to negotiate with the Matthews Foundation and the Michael Young Family Foundation to receive a donation to fully fund the costs of initiating and undertaking a Municipal Class Environmental Assessment, Preliminary Design, and related studies for University Park, including at a minimum the northern section of University Park (Hoskin Avenue to College Street), including the cost of dedicated City staff in appropriate City divisions to lead the project as well as consultant costs to undertake the study, in compliance with the City’s Donations for Community Benefits Policy.

2. City Council authorize the City Manager to negotiate and sign on behalf of the City a donor agreement with the Matthews Foundation and the Michael Young Family Foundation, on terms and conditions satisfactory to the City Manager and in a form satisfactory to the City Solicitor, and including a term that subject to applicable access and privacy legislation the agreement will be made available to the public.

3. City Council confirm that the final construction of the University Park project will not be funded by the City ahead of urgent vision zero and state of good repair projects.

4. City Council authorize the City Manager, in consultation with the Chief Financial Officer and Treasurer, to allocate the donated funds to appropriate City divisions.

5. City Council direct the City Manager, in consultation with relevant divisions, to pursue options for further partnership opportunities to support preliminary studies for the portion of University Park between College Street and Adelaide Street West, including but not limited to staffing and consultant costs.