Release of Section 45(9) Funds from the Development at 75 Canterbury Place to CaterToronto for Capital Improvements to the Existing Restaurant Incubator Space at 5200 Yonge Street - by Councillor John Filion, seconded by Councillor Mike Colle

As the weather turns warmer, there are opportunities to increase the visibility of their products with the use of outdoor cooking grills on adjacent city property. CaterToronto a non-profit organization that helps new food entrepreneurs, has been chosen by the City to assist in managing and animating the space. As a non-profit organization providing services to the vendors and the surrounding community, they would be eligible to receive Section 45 funding provided it benefits the community. It is proposed that the Section 45 funding will be used to purchase durable commercial grade outdoor cooking grills. City staff have confirmed that Section 45 funds are available for the purchase of commercial grade outdoor cooking grills with a life expectancy of 10 or more years. Funds have been secured through Section 45(9) of the Planning Act from the development on the lands municipally known as 75 Canterbury Place. The funds were secured to be spent on capital improvements in the vicinity of the site. CaterToronto will be required to sign an Undertaking that will govern the use of the funds and the financial reporting requirements, prior to the funds being released to CaterToronto by the City. In additional the undertaking will specify that if CaterToronto terminates its relationship with the site and the retail space that the commercial grade grills be returned to the possession of the City.

2. City Council direct that the $30,000 be forwarded to CaterToronto upon the signing of an Undertaking by the organization governing the use of the funds, financial reporting requirements, and the return of unused funds and/or the return of the grills to the City should they discontinue or terminate their relationship with the City-owned retail space at 5200 Yonge Street.