Item - 2024.MM16.17

Tracking Status

  • City Council adopted this item on March 20, 2024 without amendments.

MM16.17 - Authorization to Release Section 37 and Section 42 Funds to Amend the 2024-2033 Capital Budget and Plan for Parks, Forestry and Recreation to Advance Capital Projects in Ward 11 - by Councillor Dianne Saxe, seconded by Councillor Parthi Kandavel

Decision Type:
ACTION
Status:
Adopted
Ward:
11 - University - Rosedale

City Council Decision

City Council on March 20 and 21, 2024, adopted the following:

 

1. City Council amend Parks, Forestry and Recreation’s 2024 Capital Budget and 2025-2033 Capital Plan to:

 

a. amend the Huron Washington Parkette Improvements sub-project in the Park Development project in the amount of $400,000 gross and $0 debt, increasing the total project cost from $556,273 to $956,273, with cash flow commitments in 2024, fully funded by the following sources that have been received and eligible for use for the construction phase of parkette improvements:

 

1. $90,000 from Section 37 funds obtained from the development at 316 Bloor Street West (Source Account: XR3026- 3701257); and

 

2. $310,000 from the Section 42 Above 5 percent Cash-in-lieu from the sources included in the chart below:

 

 

 

 

Development Location

Internal Order Account (XR2213)

 

 

 

Amount

84 Harbord Street

4200128

$11.73

96 Harbord Street

4200871

$21,609.34

233 College Street

4201021

$99,794.54

172 Harbord Street

4201314

$37,161.47

328 Brunswick Avenue

4201450

$41,179.99

150 Harbord Street

4201585

$29,592.93

117 Robert Street

4201643

$80,650.00

Total

$310,000.00

 

b. create a new capital sub-project known as Ramsden Park Improvements in the Park Development project, with a project cost and cash flow of $103,000 gross and $0 debt in 2024, fully funded by Section 42 Above 5 percent Cash-in-lieu from the sources included in the chart below, to install accessible benches and picnic tables with concrete pads in Ramsden Park.

 

 

 

 

Development Location

Internal Order Account (XR2213)

 

 

 

Amount

837 Yonge Street

4200074

$1,129.85

836-850 Yonge Street and 1-9A Yorkville Avenue

4200726

$47,531.00

1027 Yonge Street

4200960

$5,023.65

690 College Street

4201514

$1,288.38

5 Scrivener Square 

4201752

$48,027.12

Total

$103,000.00

Background Information (City Council)

Communications (City Council)

(March 18, 2024) Letter from Julie Mathien, Huron-Sussex Residentsí Organization (MM.Supp)
https://www.toronto.ca/legdocs/mmis/2024/mm/comm/communicationfile-178092.pdf

Motions (City Council)

Motion to Waive Referral (Carried)

Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM16.17 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.


Motion to Adopt Item (Carried)
Source: Toronto City Clerk at www.toronto.ca/council