Item - 2025.MM34.3
Tracking Status
- City Council adopted this item on November 12 and 13, 2025 without amendments.
MM34.3 - Authorization to Release Section 37 Funds from the Development at 871 to 899 College Street for Lakeview Avenue Parkette Improvements - by Councillor Alejandra Bravo, seconded by Deputy Mayor Ausma Malik
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 9 - Davenport
City Council Decision
City Council on November 12 and 13, 2025, adopted the following:
1. City Council increase the 2025 Operating Budget for Non-Program on a one-time basis by $131,014 gross, $0 net, fully funded by Section 37 funds obtained in the development at 871 to 899 College Street (Source Account: XR3026-3701124), for the purpose of forwarding funds to the Little Portugal Toronto Business Improvement Area for improvements to the Lakeview Avenue Parkette on Dundas Street West within the Little Portugal Toronto Business Improvement Area (NP2161).
2. City Council direct that the $131,014 be forwarded to the Little Portugal Toronto Business Improvement Area upon the signing of an Undertaking by the Little Portugal Toronto Business Improvement Area to govern the use of the funds and the financial reporting requirements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2025/mm/bgrd/backgroundfile-259751.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2025/mm/bgrd/backgroundfile-260045.pdf
Communications (City Council)
Motions (City Council)
Speaker Nunizata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM34.3 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.