Item - 2024.MM17.17
Tracking Status
- City Council adopted this item on April 17 and 18, 2024 without amendments.
MM17.17 - Authorization to Release Section 37 Funds from Various Developments for a Permanent Memorial to the Yonge Street Tragedy - by Councillor Lily Cheng, seconded by Councillor Parthi Kandavel
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 18 - Willowdale
City Council Decision
City Council on April 17 and 18, 2024, adopted the following:
1. City Council amend the 2024 Capital Budget for Economic Development and Culture by $118,452 gross and $0 debt, with cash flow funding of $50,000 in 2024 and a future year commitment of $68,452 in 2025, for the creation of a new capital project, funded by $74,531 in Section 37 community benefits obtained from the development at 8, 10 Northtown Way (Source Account XR3026-3700254), $15,747 in Section 37 community benefits obtained from the development at 27-49 Bales Avenue and 30, 32, 34, 42 Glendora Avenue (Source Account XR3026-3700049), $28,174 in Section 37 community benefits obtained from the development at 4726-4728 Yonge Street, 9-31 Bogert Avenue, 2-28 Poyntz Avenue (Source Account XR3026-3700412) for the purpose of developing a memorial to honour the lives of those lost in the Yonge Street Tragedy.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-245055.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-245078.pdf
Motions (City Council)
That Councillor Lily Cheng be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
Authorization to Release Section 37 Funds from Various Developments for a Permanent Memorial to the Yonge Street Tragedy
Reason for Urgency:
This motion is urgent as a show of commitment from the City in honouring the families of the victims at the 6th commemoration of the tragedy next week on April 23, 2024; as well as to permit Economic, Development and Culture team to progress to the next step in design process.