Item - 2023.MM8.9
Tracking Status
- City Council adopted this item on July 19 and 20, 2023 without amendments.
MM8.9 - Authorization to Release Section 37 Funds from the Development at 2161-2165 Lake Shore Boulevard West for Indigenous Public Art at Humber Bay - by Councillor Amber Morley, seconded by Councillor Shelley Carroll
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 3 - Etobicoke - Lakeshore
City Council Decision
City Council on July 19 and 20, 2023, adopted the following:
1. City Council amend the 2023-2032 Capital Budget and Plan for Economic Development and Culture by increasing the project cost for Humber Bay Public Art (CAC126-02) by $285,009 gross and $0 debt, from $200,000 to $485,009, with cash flow funding of $133,000 in 2023 and future year commitments of $152,009 in 2024, for the purpose of fabricating and installing a new permanent Indigenous public artwork at Humber Bay Shores Trail, with the $285,009 portion fully funded by Section 37 community benefits obtained from the development at 2161-2165 Lake Shore Boulevard West (Source Account: XR3026-3701056).
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-238325.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2023/mm/bgrd/backgroundfile-238477.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM8.9 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.