Authorization to Release Section 37 Funds from the Development at 20 to 26 Lombard Street to the St. Lawrence Market Neighbourhood Business Improvement Area for Capital Improvements to Nicholson Lane - by Councillor Kristyn Wong-Tam, seconded by Councillor Joe Cressy

The St. Lawrence Market Neighbourhood Business Improvement Area is currently working to implement the first phase of this master plan - comprising planter-based community gardens, pedestrian-friendly lighting, two building-scale murals, and wayfinding signage - beginning in August 2019. These improvements will improve the usability of the laneway, public safety and help highlight the heritage structures that border the laneway. The St. Lawrence Market Neighbourhood Business Improvement Area has secured $40,000 in funding and is in the process of obtaining additional sponsors. The St. Lawrence Market Neighbourhood Business Improvement Area is looking for $60,000 of Section 37 money to proceed with the first phase of this laneway project. This Motion seeks approval to allocate funding from a Section 37 fund to the St. Lawrence Market Neighbourhood Business Improvement Area in order to undertake capital improvements to Nicholson Lane. Capital streetscape improvements to Nicholson Lane to be undertaken by the St. Lawrence Market Neighbourhood Business Improvement Area would comply with the Section 37 agreement and the Council approved Section 37 Guidelines. This Motion is urgent as the St. Lawrence Market Neighbourhood Business Improvement Area would like to begin improvements to Nicholson Lane this summer.

2. City Council direct that the $60,000.00 be forwarded to the St. Lawrence Market Neighbourhood Business Improvement Area, subject to the Business Improvement Area signing an Undertaking governing the use of the funds and the financial reporting requirements.