Item - 2024.MM24.18

City Council on December 17 and 18, 2024, adopted the following:

1. City Council amend its previous decision on item 2019.MM8.42 by:
 

a. amending Part 1 by:

1. deleting the words “St. Lawrence Market Neighbourhood” and replacing them with the words “Old Town Toronto”; and

2. deleting the words “Farquhar’s Lane” and replacing them with the words “near Front Street East and Jarvis Street”;
 

so that Part 1 now reads as follows:

1. City Council increase the approved 2019 Operating Budget for Non-Program by $125,000.00 gross, $0 net fully funded by Section 37 community benefits obtained in the development of the lands now known as 20 to 26 Lombard Street and 25 Richmond Street East (source account XR3026-3700826), for the purpose of forwarding funds to the Old Town Toronto Business Improvement Area for capital improvements near Front Street East and Jarvis Street (Cost Centre NP2161).

b. amending Part 2 by:

1. deleting the word “be” after the words “the $125,000.00” and replacing it with the word “previously”;

2. adding the word “be” after the words “St. Lawrence Market Neighbourhood Business Improvement Area”; and

3. adding the words “or amending the previous Undertaking” after the words “signing an undertaking”;

so that Part 2 now reads as follows:

2. City Council direct that the $125,000.00 previously forwarded to the St. Lawrence Market Neighbourhood Business Improvement Area be subject to the Business Improvement Area signing an Undertaking or amending the previous Undertaking governing the use of the funds and the financial reporting requirements.

2. City Council direct that the project details (including installation method) shall be submitted to the satisfaction of the Senior Manager, Heritage Planning, Urban Design, City Planning in the event a heritage permit may be required under the provision of Section 33 of the Ontario Heritage Act.