Authorization to Release Section 37 and Section 42 Above 5 percent Cash-in-lieu Funds for Lighting Improvements to the Village of Yorkville Park - by Councillor Dianne Saxe, seconded by Councillor Paul Ainslie

The Bloor-Yorkville Business Improvement Area and the Greater Yorkville Residents Association have requested lighting upgrades to improve safety. This is a complex project because of the park design and underlying TTC infrastructure. With the support of Councillor Saxe, Parks, Forestry and Recreation will advance lighting improvements at the Village of Yorkville Park. Parks, Forestry and Recreation will engage with the Bloor-Yorkville Business Improvement Area and the Greater Yorkville Residents Association throughout the process and ensure there is opportunity to provide input as the project advances. This motion requests authority from City Council to amend the 2023-2032 Approved Capital Budget and Plan for Parks, Forestry and Recreation, for lighting improvements to the Village of Yorkville Park, with a project cost of $560,000 and cash flow commitments of $460,000 in 2024 and $100,000 in 2025. The project is classified as a Service Improvement and is fully funded from Section 37 and Section 42 Above 5 percent Cash-in-lieu funds that have been received and are eligible for these purposes.

Development Location Funding Source Account 2024 2025 Total 836-850 Yonge Street and 1-9A Yorkville Avenue Section 42 Above 5 percent Cash-in-lieu XR2213-4200726 $4,499.00 $4,499.00 94 Cumberland Street Section 37 XR3026-3700534 $219,106.41 $219,106.41 94 Cumberland Street Section 37 XR3026-3700708 $196,093.59 $196,093.59 1-11 Bloor Street West, 768-784 Yonge Street, and 760-762 Yonge Street Section 37 XR3026-3701061 $40,301.00 $100,000.00 $140,301.00 Total $460,000.00 $100,000.00 $560,000.00