Item - 2025.MM30.2
Tracking Status
- City Council adopted this item on May 21 and 22, 2025 without amendments.
MM30.2 - Authorization to Release Section 37 and Section 42 Funds for Improvements to the Jose Rizal Memorial in Earl Bales Park - by Councillor James Pasternak, seconded by Councillor Jamaal Myers
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 6 - York Centre
City Council Decision
City Council on May 21 and 22, 2025, adopted the following:
1. City Council amend Parks and Recreation’s 2025-2034 Capital Budget and Plan to create a new capital sub-project known as the Jose Rizal Memorial Project in the Park Development project, with a project cost and cash flow of $60,000 gross and $0 debt in 2025, fully funded by Section 37 community benefits obtained from the development at 700, 702, 714 and 716 Sheppard Avenue West secured for improvements to park assets (Source Account: XR3026-3701248) for the purpose of asset improvements at the Jose Rizal Memorial in Earl Bales Park.
2. City Council increase the 2025 Operating Budget for Economic Development and Culture on a one-time basis by $15,000.00 gross and $0 net, fully funded by Section 37 community benefits obtained in the development at 700, 702, 714 and 716 Sheppard Avenue West (Source Account: XR3026-3701248), to fund maintenance of the Jose Rizal Memorial in Earl Bales Park (Cost Centre: AH0033).
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2025/mm/bgrd/backgroundfile-255209.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2025/mm/bgrd/backgroundfile-255652.pdf
Communications (City Council)
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM30.2 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.