Authority to Release Section 37 Funds from the Development at 2490-2514 Yonge Street for the 20 Castlefield Avenue Phase 1 Activation Project - by Councillor Mike Colle, seconded by Councillor Jaye Robinson

In order to meet the needs of the community, Parks, Forestry and Recreation are requesting City Council authority to advance the activation of the unlicensed portion of the site to install basketball and pickleball courts including nets and posts, seating and tables. This Motion will amend Parks, Forestry and Recreation's 2023-2032 Capital Budget and Plan to create a new capital project with a project cost and cash flow of $0.125 million in 2023. The project is classified as Growth Related, and is fully funded from a Section 37 benefit that has been received and is eligible for these purposes. For this year, Parks, Forestry and Recreation will accommodate the operation and maintenance of the new components at 20 Castlefield Avenue within existing resources, however, any incremental operating impacts including staff resource requirements of the future park will be submitted for consideration through future budget submissions.

funds obtained from the development at 2490-2514 Yonge Street, 10-12 Castlefield Avenue, and portions of 20 Castlefield Avenue and 567 Duplex Avenue (Source Account: XR3026-3701269) to install basketball and pickleball courts including nets and posts, seating and tables.