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Toronto City Council · 2024-05-22 · 2024.MM18.2

The filed record

Authorization to Release Section 37 Funds to the Kensington Market Community Land Trust to Upgrade a Mural - by Councillor Dianne Saxe, seconded by Councillor Chris Moise

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The decision

2024-05-22 · Toronto City Council · adopted

As filed

City Council on May 22 and 23, 2024, adopted the following: 1. City Council increase the 2024 Operating Budget for Non-Program by $7,000.00, fully funded by Section 37 (Planning Act Reserve Fund) community benefits from the development at 297 College Street (Source Account: XR3026-3700586) for the purpose of forwarding funds to the Kensington Market Community Land Trust to be utilized for local streetscape improvements in the form of an upgraded Mona Lisa Mural at 54-56 Kensington Avenue (Cost Centre: NP2161).

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2. City Council direct that the $7,000.00 be forwarded to the Kensington Market Community Land Trust, subject to the Kensington Market Community Land Trust signing an Undertaking governing the use of the funds and the financial reporting requirements.

On the agenda

As the city filed it

This motion is to assist the Kensington Market Community Land Trust to upgrade and expand a mural at 54-56 Kensington Avenue with $7,000 in Section 37 funds. In 2012, $150,000 of Section 37 funds from 297 College Street were earmarked by By-laws 1631-2012 and 763-2016 for streetscape improvements in the immediate area. The Kensington Market Community Land Trust has already received $6,500 from the City for the mural project, and requires an additional $7,000 to complete it.

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The Kensington Market Community Land Trust is a valued community organization dedicated to preserving affordable rental spaces for local residents and businesses. Public art such as this mural add to the beauty and vibrancy of the neighbourhood.

Staff recommended

Councillor Dianne Saxe, seconded by Councillor Chris Moise, recommends that: 1. City Council increase the 2024 Operating Budget for Non-Program by $7,000.00, fully funded by Section 37 (Planning Act Reserve Fund) community benefits from the development at 297 College Street (Source Account: XR3026-3700586) for the purpose of forwarding funds to the Kensington Market Community Land Trust to be utilized for local streetscape improvements in the form of an upgraded Mona Lisa Mural at 54-56 Kensington Avenue (Cost Centre: NP2161).

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2. City Council direct that the $7,000.00 be forwarded to the Kensington Market Community Land Trust, subject to the Kensington Market Community Land Trust signing an Undertaking governing the use of the funds and the financial reporting requirements.

    On the record

    The item as the City filed it

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