The filed record
Authorization to Release Section 37 Funds from the Development at 784 The Queensway for Streetscape Improvements in The Queensway Business Improvement Area - by Councillor Mark Grimes, seconded by Councillor Stephen Holyday
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The decision
2021-05-05 · Toronto City Council · adopted
As filed
City Council on May 5 and 6, 2021, adopted the following: 1. City Council amend the 2021 Approved Capital Budget for Economic Development and Culture to increase the shoptheQueensway project (CED104-73) by $50,000 gross and $0 debt in project costs and cash flow of $50,000 in 2021, fully funded by Section 37 funds obtained in the development at 784 The Queensway (Source Account: XR3026-3701047) to complete streetscape improvements on The Queensway.
On the agenda
As the city filed it
This Motion seeks approval to release Section 37 funds of in the amount of $50,000 to The Queensway Business Improvement Area for the completion of streetscape improvements. The Queensway Business Improvement Area has been working in partnership with the City, through the Business Improvement Area office on the reconstruction of the sidewalk on the north side of The Queensway just east of Islington Avenue. The sidewalk is safe to walk on, but stepped.
Show the rest of As the city filed it, 719 more characters as filed
By making the sidewalk flush with landscaping, is consistent with the shoptheQueensway Business Improvement Area's vision for a safe, pedestrian-oriented area. As such, the City request the Business Improvement Area's consideration. The reconstruction will incorporate sustainable green infrastructure to assist in storm-water management and reduce heat island effects. The Business Improvement Area will maintain the new tree planters as part of the sidewalk improvements. Funds have been secured through a Section 37 agreement for the development at 784 The Queensway for streetscape improvements in the area. The funds secured have been received by the City and sufficient monies remain uncommitted for this project.
Staff recommended
Councillor Mark Grimes, seconded by Councillor Stephen Holyday, recommend that: 1. City Council amend the 2021 Approved Capital Budget for Economic Development and Culture to increase the shoptheQueensway project (CED104-73) by $50,000 gross and $0 debt in project costs and cash flow of $50,000 in 2021, fully funded by Section 37 funds obtained in the development at 784 The Queensway (Source Account: XR3026-3701047) to complete streetscape improvements on The Queensway.
On the record
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