Authorization to Release Section 37 Funds to the Mount Dennis Business Improvement Area, for the Installation of New, Energy-efficient, Decorative Lamp Standards at Various Locations - by Councillor Frances Nunziata, seconded by Councillor Vincent Crisanti

The boundaries are Ray Avenue in the north and Lambton Avenue in the south. Following the closing of the KODAK plant in 2006, the main street that had relied on more than 3,000 KODAK employees to shop and dine there, went into serious decline. It wasn't until construction began on the Eglinton Crosstown Light Rail Transit in 2011, that the area showed early signs of recovery, but there is still much work to be done and the development pressures on Mount Dennis are tremendous. The Business Improvement Area has one of the smallest levies of all the Business Improvement Areas in Toronto but nevertheless is very active and resourceful and thanks to various City grant programs and local sponsorships, manages to increase their annual Operating Budget yearly. The Mount Dennis Business Improvement Area has an approved Master Streetscape Plan.

2. City Council direct that the $26,886.71 be forwarded to the Mount Dennis Business Improvement Area upon the signing of an Undertaking by the organization that governs the use of the funds and the financial reporting requirements.