Item - 2026.MM39.70

City Council on March 25 and 26, 2026, adopted the following:

1. City Council adopt the following recommendations in the report (March 16, 2026) from the General Manager, Parks and Recreation:

1. City Council increase Parks and Recreation’s 2026 Approved Capital Budget for the St. James Town Open Space Construction project, in the amount of $2.6 million fully funded from the Section 42 reserve funds received from 308 Jarvis Street (Internal Order: XR2213-4201671) which has been received and deemed eligible for use.

2. City Council authorize the City of Toronto to transfer up to $2.6 million in funding to Toronto Community Housing Corporation on the condition that Toronto Community Housing Corporation must enter into an acceptable Construction Management Agreement, and that within the Agreement there is included a condition that Toronto Community Housing Corporation should be contractually obligated to enter into a lease with the City before the City advances any funding for the project.

3. City Council direct that the information contained in Confidential Attachment 1 is to remain confidential as it contains financial information that belongs to the City of Toronto and has monetary value.

4. City Council authorize the public release of Confidential Attachment 1 following the completion of the project, at the discretion of the General Manager, Parks and Recreation.