Item - 2024.MM18.2
Tracking Status
- City Council adopted this item on May 22 and 23, 2024 without amendments.
MM18.2 - Authorization to Release Section 37 Funds to the Kensington Market Community Land Trust to Upgrade a Mural - by Councillor Dianne Saxe, seconded by Councillor Chris Moise
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on May 22 and 23, 2024, adopted the following:
1. City Council increase the 2024 Operating Budget for Non-Program by $7,000.00, fully funded by Section 37 (Planning Act Reserve Fund) community benefits from the development at 297 College Street (Source Account: XR3026-3700586) for the purpose of forwarding funds to the Kensington Market Community Land Trust to be utilized for local streetscape improvements in the form of an upgraded Mona Lisa Mural at 54-56 Kensington Avenue (Cost Centre: NP2161).
2. City Council direct that the $7,000.00 be forwarded to the Kensington Market Community Land Trust, subject to the Kensington Market Community Land Trust signing an Undertaking governing the use of the funds and the financial reporting requirements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-245604.pdf
(May 23, 2024) Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-246055.pdf
Communications (City Council)
https://www.toronto.ca/legdocs/mmis/2024/mm/comm/communicationfile-179811.pdf
(May 23, 2024) Submission from Zack Bradley, on behalf of Board, Kensington Market Action Committee (MM.New)
https://www.toronto.ca/legdocs/mmis/2024/mm/comm/communicationfile-179812.pdf
(May 22, 2024) Letter from Serena Purdy, Board Chair, The Board of Directors of Friends of Kensington Market (MM.Main)
https://www.toronto.ca/legdocs/mmis/2024/mm/comm/communicationfile-179820.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM18.2 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.