Item - 2025.MM30.18

City Council on May 21 and 22, 2025, adopted the following:

1. City Council increase the 2025-2034 Capital Budget and Plan for Transportation Services on a one-time basis by $850,000 gross and $0 debt, to provide streetscape improvements for Colborne Street between Leader Lane and Church Street, Leader Lane between King Street and Wellington Street, and Colborne Lane (Cost Centre: CTP425-05), fully funded by Section 37 community benefits obtained from the following developments:
 

a. $719,420.43 from 176-178 Front Street East and 33 Sherbourne Street (Source Account: XR3026-3701237); and
 

b. $130,579.57 from 60 Shuter Street and 187 and 189 Church Street (Source Account: XR3026-3700961).
 

2. City Council increase the 2025 Operating Budget for Non-Program on a one-time basis by $400,000 gross and $0 net, fully funded by Section 37 community benefits obtained from 60 Shuter Street and 187 and 189 Church Street (Source Account: XR3026-3700961) for the purpose of forwarding one-time funds to the Old Town Toronto Business Improvement Area to provide streetscape improvements for Colborne Street between Leader Lane and Church Street, Leader Lane between King Street and Wellington Street, and Colborne Lane (Cost Centre: NP2161).
 

3. City Council direct that the $400,000 be forwarded to the Old Town Toronto Business Improvement Area, subject to the Business Improvement Area signing an Undertaking governing the use of the funds and the financial reporting requirements.
 

4. City Council direct that the use of Section 37 community benefits be recognized in documents and promotional materials, including on any construction hoarding, in consultation with the Ward Councillor as a requirement within the Undertaking between the City and the Old Town Toronto Business Improvement Area.