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)
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-244037.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-244510.pdf
Communications (City Council)
https://www.toronto.ca/legdocs/mmis/2024/mm/comm/communicationfile-178092.pdf
Motions (City Council)
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.