Allocation of Section 37 Funds for Dixon Hall’s Youth Centre from the development at 55-61 Charles Street East - by Councillor Kristyn Wong-Tam, seconded by Councillor Mike Layton

To date, the final Order remains outstanding. The Dixon Hall Youth Centre is near completion. We are requesting to allocate the Section 37 funds from 55 Charles Street towards the Youth Centre with the intention of reallocating the $1,200,000.00 that was secured at 230 Oak Street elsewhere in Ward 13. Funds have been secured through Section 37 benefits from the development at 55-61 Charles Street East that included $1,670,000.00 plus indexing and interest for the purpose funding community, cultural, or recreational facilities capital improvements within Ward 13. City Planning staff advises that the proposed purposes of the funds as set out in the recommendations of this Motion and are in compliance with the respective Section 37 Agreements and are in accord with Council approved guidelines and protocols.

2. City Council direct that the $1,200,000.00 be forwarded to the Dixon Hall Youth Centre upon the signing of an Undertaking by the Dixon Hall Youth Centre to govern the use of the funds and the financial reporting requirements.