Item - 2023.MM7.22
Tracking Status
- City Council adopted this item on June 14 and 15, 2023 without amendments.
MM7.22 - Authority to Release Section 37 Funds from the Development at 2490-2514 Yonge Street for the 20 Castlefield Avenue Phase 1 Activation Project - by Councillor Mike Colle, seconded by Councillor Jaye Robinson
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 8 - Eglinton - Lawrence
City Council Decision
City Council on June 14 and 15, 2023, adopted the following:
1. City Council approve an amendment to Parks, Forestry and Recreation's 2023 Capital Budget and 2024-2032 Capital Plan to create a new capital sub-project known as 20 Castlefield Park Phase 1 Activation in the Park Development project, with a project cost and cash flow of $0.125 million gross and $0 debt in 2023, fully funded by Section 37 funds obtained from the development at 2490-2514 Yonge Street, 10-12 Castlefield Avenue, and portions of 20 Castlefield Avenue and 567 Duplex Avenue (Source Account: XR3026-3701269) to install basketball and pickleball courts, including nets and posts, seating and tables.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-237256.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-237456.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM7.22 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.