Item - 2024.MM20.17

City Council on July 24 and 25, 2024, adopted the following:

1. City Council increase the 2024 Operating Budget for Non-Program by $419,345.09 gross, $0 net, fully funded by Section 37 funds obtained in the development at 495-517 Wellington Street West and 510-532 Front Street West, secured for the Waterfront School playground improvements for the purpose of providing one-time capital funding to the Toronto District School Board for capital improvements to the schoolyard at The Waterfront School, subject to the Toronto District School Board demonstrating continued public access to the schoolyard for a term of minimum 20 years and on such other terms and conditions satisfactory to the General Manager, Parks, Forestry and Recreation.
 

2. City Council request the General Manager, Parks, Forestry and Recreation and the Executive Director, Corporate Real Estate Management to participate in the preparation of any necessary agreements if required to secure public access, in consultation with the Ward Councillor and the Chief Planner and Executive Director, City Planning, provided acceptable terms can be agreed upon.
 

3. City Council authorize the General Manager, Parks, Forestry and Recreation to execute on behalf of the City any necessary agreements with the Toronto District School Board to secure public access, for a term of minimum 20 years and on such other terms and conditions satisfactory to the General Manager, Parks, Forestry and Recreation, and in a form satisfactory to the City Solicitor.
 

4. City Council direct that if public access to the schoolyard is not adequately secured to the satisfaction of the General Manager, Parks, Forestry and Recreation, the funds will not be transferred to the Toronto District School Board and shall be made available for other community facilities in the local community.