Item - 2026.MM39.1
Tracking Status
- City Council adopted this item on March 25 and 26, 2026 without amendments.
MM39.1 - Authorization to Release Section 45 Funds to Little Italy Business Improvement Area - by Councillor Dianne Saxe, seconded by Councillor Amber Morley
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on March 25 and 26, 2026, adopted the following:
1. City Council increase the 2026 Operating Budget for Non-Program on a one-time basis by $100,000 gross, $0 net, fully funded by Section 37 community benefits obtained from the development at 297 College Street (Source Account: XR3026-3700586), secured for streetscaping, to be used by the Little Italy Business Improvement Area to design and implement the College Street streetscape improvements described in the Little Italy Business Improvement Area Streetscape Master Plan, beginning with, but not limited to, the Bathurst Gateway (Cost Centre: NP2161).
2. City Council direct that the $100,000 be forwarded to the Little Italy Business Improvement Area upon the signing of an Undertaking that governs the use of the funds and the financial reporting requirements.
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2026/mm/bgrd/backgroundfile-284485.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2026/mm/bgrd/backgroundfile-285632.pdf
Communications (City Council)
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM39.1 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.