Item - 2024.MM16.8
Tracking Status
- City Council adopted this item on March 20 and 21, 2024 without amendments.
MM16.8 - Authorization to Release Section 37 Funds from the Developments at 104-110 Bartley Drive and 1185 Eglinton Avenue East to Amend the 2024-2033 Capital Budget and Plan for Parks, Forestry and Recreation for Capital Projects in Ward 16 - by Councillor Jon Burnside, seconded by Councillor Lily Cheng
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 16 - Don Valley East
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. create a new capital sub-project known as Bartley Park Improvements in the Park Development project, with a project cost of $925,000 gross and $0 debt in 2024, with cash flow commitments of $50,000 in 2024 and $875,000 in 2025, fully funded by Section 37 funds obtained from the development at 104-110 Bartley Drive (Source Account: XR3026-3701263) to proceed with design and construction of park improvements; and
b. create a new capital sub-project known as Flemingdon Park Improvements in the Park Development project, with a project cost of $1,000,000 gross and $0 debt in 2024, with cash flow commitments of $80,000 in 2024 and $920,000 in 2025, fully funded by Section 37 funds obtained from the development at 1185 Eglinton Avenue East (Source Account: XR3026-3700863) to proceed with design and construction of park improvements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-244159.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-244469.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM16.8 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.