Entering into a Construction Agreement and Accepting a Donation from Downtown Yonge Business Improvement Area for Trinity Square Park Clock Tower Rehabilitation - Councillor Kristyn Wong-Tam, seconded by Councillor Mike Layton

The Park features many design elements that over time are starting to show signs of wear and tear. The Downtown Yonge Business Improvement Area wants to rehabilitate the Park's 1980s-era Clock Tower, including surface repairs, repainting, and replacement of the broken clock mechanism with new all-weather clockworks. To undertake the work, the Downtown Yonge Business Improvement Area proposes to enter into a Construction and Donation Agreement with the City and make the necessary repairs with the approval of the Parks, Forestry and Recreation Division. The finished work would constitute an in-kind donation to the City of Toronto, with an estimated value of $100,000. Under the City's Policy on Donations for Community Benefits, donations with a value of $50,000 or more must be approved by City Council. In order to address the poor state of the Clock Tower, Downtown Yonge Business Improvement Area would like to expedite this work as soon as possible.

2. City Council authorize the General Manager, Parks, Forestry and Recreation, to accept an in-kind donation of the rehabilitated Clock Tower, valued at approximately $100,000 in compliance with the City's Policy on Donations for Community Benefits.