Item - 2024.MM22.1

Tracking Status

  • City Council adopted this item on October 9 and 10, 2024 without amendments.

MM22.1 - Authorization to Release Section 37 Funds from 193-195 McCaul Street and 316 Bloor Street West Developments to the Housing Secretariat for the Affordable Housing Project at 35 Bellevue Avenue - by Councillor Dianne Saxe, seconded by Councillor Amber Morley

Decision Type:
ACTION
Status:
Adopted
Ward:
11 - University - Rosedale

City Council Decision

City Council on October 9 and 10, 2024, adopted the following:

 

1. City Council authorize the Executive Director, Housing Secretariat, to allocate $2,151,000 in funding, inclusive of Harmonized Sales Tax and disbursements to the affordable housing project at 35 Bellevue Avenue fully funded from the following developments:

 

a. 193-195 McCaul Street for the provision of affordable housing in the local ward, Ward 11 - University-Rosedale (Source Account: XR3026-3701328); and

 

b. 316 Bloor Street West for provision of affordable housing (Source Account: XR3026-3701255).

 

2. City Council increase the 2025 Capital Budget for the Housing Secretariat by $2,151,000.00 gross, $0 net, to support the development at 35 Bellevue Avenue.

 

3. City Council direct the Executive Director, Environment and Climate, and the Executive Director, Corporate Real Estate Management, to explore options for allocating funding in the 2026 budget for the solar panels and installation costs to achieve solar power operations at 35 Bellevue Avenue following construction completion.

Background Information (City Council)

Motions (City Council)

Motion to Waive Referral (Carried)

Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM22.1 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.


Motion to Adopt Item (Carried)
Source: Toronto City Clerk at www.toronto.ca/council