Item - 2024.MM22.13
Tracking Status
- City Council adopted this item on October 9 and 10, 2024 without amendments.
MM22.13 - Authorization to Release Section 45 Funds from the Development at 109 Vaughan Road for streetscape improvements in the Hillcrest Village Business Improvement Area - by Councillor Josh Matlow, seconded by Councillor Alejandra Bravo
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 12 - Toronto - St. Paul's
City Council Decision
City Council on October 9 and 10, 2024, adopted the following:
1. City Council increase the 2023-2032 Capital Budget and Plan for Economic Development and Culture by $51,555.00 gross and $0 debt, with a cash flow commitment of $51,555.00 in 2025, fully funded by Section 45 funds obtained in the development at 109 Vaughan Road (Source Account: XR3028-4500202), for completing streetscape improvements on St. Clair Avenue West, at Hillcrest Village Business Improvement Area (WBS Element: CED104-13 – PAR Hillcrest Village).
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-249174.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-249458.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM22.13 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.