The filed record
Authorization to Release Section 37 Funds from 250 Davenport Road to the Toronto Community Housing Corporation for Improvements to Indoor Amenity Spaces at 250 Davenport Road - by Councillor Mike Layton, seconded by Councillor Joe Cressy
The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.
The decision
2019-03-27 · Toronto City Council · adopted
As filed
City Council on March 27 and 28, 2019, adopted the following: 1. City Council increase the Approved 2019 Operating Budget for Shelter, Support and Housing Administration by $318,042.81 gross, $0 net, fully funded by Section 37 funds received in the development at 250 Davenport Road (Source Account: XR3026-3700936) for transfer to the Toronto Community Housing Corporation for improvements to indoor amenity spaces at 250 Davenport Road (FD5101).
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2. City Council direct that the $318,042.81 be forwarded to the Toronto Community Housing Corporation upon the signing of an Undertaking by the Toronto Community Housing Corporation governing the use of the funds and the financial reporting requirements.
On the agenda
As the city filed it
This Motion recommends the release of Section 37 Planning Act funds totaling $318,042.81 to the Toronto Community Housing Corporation for the purpose of undertaking improvements to a Toronto Community Housing Corporation owned building at 250 Davenport Road. The Toronto Community Housing Corporation is working collaboratively with local residents and neighbours, and their private development partners, as they transform aging housing infrastructure to build better homes, better neighbourhoods, and a better Toronto for all.
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At 250 Davenport Road, the Toronto Community Housing Corporation is using the proceeds from the sale of a portion of the land to revitalize the existing building with new windows and balcony doors, and improvements to the heating, cooling and building systems to increase quality of life for residents, while improving the existing open spaces around the building. Funds have been secured from the development at 250 Davenport Road as community benefits through Section 37 Planning Act specifically for improvements to indoor amenity spaces at 250 Davenport Road. The funds plus indexing have been received by the City.
Staff recommended
Councillor Mike Layton, seconded by Councillor Joe Cressy, recommends that: 1. City Council increase the Approved 2019 Operating Budget for Shelter, Support and Housing Administration by $318,042.81 gross, $0 net, fully funded by Section 37 funds received in the development at 250 Davenport Road (Source Account: XR3026-3700936) for transfer to the Toronto Community Housing Corporation for improvements to indoor amenity spaces at 250 Davenport Road (FD5101).
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2. City Council direct that the $318,042.81 be forwarded to the Toronto Community Housing Corporation upon the signing of an Undertaking by the Toronto Community Housing Corporation governing the use of the funds and the financial reporting requirements.
On the record
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