Item - 2024.MM17.26
Tracking Status
- City Council adopted this item on April 17 and 18, 2024 without amendments.
MM17.26 - Authorization to Release Section 42 Funds to Amend the 2024-2033 Capital Budget and Plan for Parks, Forestry and Recreation for the L’Amoreaux Kidstown Waterpark Redevelopment - By Councillor Nick Mantas, Seconded by Mayor Olivia Chow
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 22 - Scarborough - Agincourt
City Council Decision
City Council on April 17 and 18, 2024, adopted the following:
1. City Council amend Parks, Forestry and Recreation’s 2024 Capital Budget and 2025-2033 Capital Plan for the L’Amoreaux Kidstown Improvements sub-project in the Playgrounds and Waterplay project, in the amount of $5.000 million, increasing the total project cost from $8.993 million to $13.993 million, with cash flow commitments in 2025, fully funded by the following sources that have been received and are eligible for use for the construction phase of improvements:
a. $2.000 million from Section 42 First 5 percent Cash-in-lieu City-Wide Parkland Development Reserve Fund (XR2211); and
b. $3.000 million from various Section 42 Above 5 percent Cash-in-lieu sources included in the chart below:
|
Development Location |
Internal Order Account (XR2213) |
Amount ($) |
|
20 Stonehill Towers Limited |
4200182 |
$0.01 |
|
185 Bonis Avenue |
4200309 |
$11,376.71 |
|
1030 McNicoll Avenue |
4200352 |
$437.36 |
|
1251 Bridletowne Circle |
4200813 |
$31,053.72 |
|
0 Bonis Avenue (205 Bonis Avenue) |
4200934 |
$1,383.05 |
|
0 Bonis Avenue (215 Bonis Avenue) |
4200935 |
$1,155.55 |
|
0 Bonis Avenue (195 Bonis Avenue) |
4200933 |
$14,642.06 |
|
255 Village Green Square (275) |
4201069 |
$9,656.43 |
|
3105 Sheppard Avenue East |
4201134 |
$8,352.76 |
|
225 Village Green Square |
4201162 |
$17,402.74 |
|
1028 McNicoll Avenue |
4201156 |
$19,389.15 |
|
3220 Sheppard Avenue East |
4201257 |
$13,812.42 |
|
3453 Victoria Park Avenue |
4201602 |
$848,244.61 |
|
3050 Pharmacy Avenue |
4201717 |
$1,002,995.00 |
|
3445 Sheppard Avenue East |
4201738 |
$671,837.12 |
|
3260 Sheppard Avenue East |
4201744 |
$348,261.71 |
|
Total |
$3,000,000.00 |
|
Background Information (City Council)
Motions (City Council)
That Councillor Nick Mantas be permitted to add to the agenda of today's meeting an urgent Motion without Notice concerning:
Authorization to Release Section 42 Funds to Amend the 2024-2033 Capital Budget and Plan for Parks, Forestry and Recreation for the L’Amoreaux Kidstown Waterpark Redevelopment
Reason for Urgency:
This motion is urgent as the funds are required to proceed with the award of contract for construction to commence in Spring 2024 in order to meet timelines for a summer 2025 opening.