Item - 2026.MM39.8
Tracking Status
- City Council adopted this item on March 25 and 26, 2026 without amendments.
MM39.8 - Authorization to Release Section 37 Funds to Toronto Public Library - 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 2026-2035 Capital Budget and Plan for Toronto Public Library on a one time-basis, with an increase in project costs and cash flows of $110,605.48 gross, $0 debt in 2027, for the fabrication and installation of public art at the Toronto Reference Library, fully funded by Section 37 community benefits obtained from the developments at 35 Balmuto Street and 764 Yonge Street (Source Account: XR3026-3700891), secured for public art (Cost Centre: CLB223-01).
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2026/mm/bgrd/backgroundfile-284941.pdf
Fiscal Impact Statement from the Chief Financial Officer and Treasurer
https://www.toronto.ca/legdocs/mmis/2026/mm/bgrd/backgroundfile-285636.pdf
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM39.8 be referred to the Executive Committee. A two-thirds vote of the Council Members present is required to waive referral.