Authorization to Release Section 37 Funds towards Public Realm and Streetscape Improvements related to "Manor Road Square" as prescribed in Official Plan Amendment 405 as a City-initiated Public Realm Move - by Councillor Josh Matlow, seconded by Councillor Mike Colle

This results in $318,600 additional costs that are above the Owner's obligation. This motion requests authority from Council to amend the 2024-2033 Approved Capital Budget and Plan for Transportation Services to release additional funds to Rockport Yonge and Manor Inc., to implement construction and related costs associated with streetscape improvements on Manor Road West, fully funded by Section 37 (Planning Act Reserve Fund) community benefits that have been received and are eligible for these purposes. This motion requires urgency to ensure that the public realm and streetscape improvements are aligned with the project's expected completion date.

2263-2297 Yonge Street, 10 Eglinton Avenue East and 25R Roehampton Avenue (Source Account XR3026-3700595) secured for streetscape improvements in the vicinity of the development site, in the amount of $318,600.00. 2. Council request the General Manager, Transportation Services, to work collaboratively with Rockport Yonge and Manor Inc. to complete and execute all necessary agreements within 60 days of approval of this Motion to permit a purchase order to be issued and construction of Manor Square to commence in October 2024.