Item - 2025.MM34.9

City Council on November 12 and 13, 2025, adopted the following:

1. City Council amend Economic Development and Culture’s 2025-2034 Capital Budget and Plan to create a new capital project known as the Amsterdam Bridge Rehabilitation, with a total project cost and cash flow of $640,000.00 gross and $0 debt in 2025, funded through:

a. $350,000.00 from Section 37 community benefits obtained from the development at 335, 355 King Street West and 119 Blue Jays Way (Source Account: XR3026-3701332);

b. $200,000.00 from the Waterfront Revitalization Initiative’s 2025 Capital Budget (WBS: CWR003-39) to be transferred to Economic Development and Culture; and

c. $90,000.00 from Economic Development and Culture’s 2025 Capital Budget (WBS: CAC134-05 and CAC144-06).
 

2. City Council authorize the General Manager, Economic Development and Culture, to negotiate, enter into, and execute a Delivery Agreement with CreateTO's managed corporation, Toronto Port Lands Company, for the project management, design, build and commissioning on the City's behalf of the Amsterdam Bridge Rehabilitation Project; with the Delivery Agreement on terms and conditions acceptable to the General Manager and in a form satisfactory to the City Solicitor.

3. City Council direct that funding be provided to CreateTO's managed corporation, Toronto Port Lands Company, for the delivery of the project management, design, construction and commissioning on the City's behalf of the Amsterdam Bridge Rehabilitation Project from the Economic Development and Culture Capital Budget, with a total City funding contribution of $640,000.00.

4. City Council direct that the release of funding be conditional upon execution of a signed acknowledgement by Harbourfront Centre that such repairs do not impact its ongoing obligations pursuant to the lease with respect to the maintenance of Amsterdam Bridge, waiving any right to claim the City has further obligations with respect to maintenance as a result of such work, and granting such rights of access as are required by the City, Toronto Port Lands Company or such other parties as determined appropriate to implement the work.

5. City Council authorize the Director, Real Estate Services to negotiate and execute on behalf of the City any agreements required with Harbourfront Centre to implement City Council’s direction in Part 4 above on the terms noted therein, together with such other terms as may be considered appropriate by the Director, Real Estate Services and in a form satisfactory to the City Solicitor.