Item - 2024.MM24.17
Tracking Status
- City Council adopted this item on December 17 and 18, 2024 without amendments.
MM24.17 - Authorization to Release Sections 37 Funds for Yorkville Library - by Councillor Dianne Saxe, seconded by Councillor Amber Morley
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on December 17 and 18, 2024, adopted the following:
1. City Council increase the 2024-2033 Capital Budget and Plan for Toronto Public Library by $1,000,000 gross, fully funded by Section 37 community benefits funds secured from the following developments:
a. $840,668 from 836-850 Yonge Street and 1-9A Yorkville Avenue (Source Account: XR3026-3700722); and
b. $159,332 from 27-37 Yorkville Avenue and 26-32 and 50 Cumberland Street (Source Account:XR3026-3701297) for capital improvements to the Toronto Public Library - Yorkville Branch for streetscaping, program room upgrades, connectivity projects and upgrading the main door (Cost Centre: CLB234-02).
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-251472.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2024/mm/bgrd/backgroundfile-251725.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM24.17 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.