Amending Item 2019.MM8.42 - Authorization to Release Section 37 Funds from the Development at 20 to 26 Lombard Street to the Old Town Business Improvement Area for Capital Improvements to Front Street East and Jarvis Street - by Councillor Chris Moise, seconded by Deputy Mayor Ausma Malik

Following that decision, the Business Improvement Area lost the ability to install the artwork in Farquhars Lane, and has since been working to find an alternative location for their art installation. Given the size of the previous proposal, they have been in discussions to split this installation to both the St. Lawrence Market South building and the private residence at 109 Front Street East. Both the St. Lawrence Market and the board of 109 Front Street East are agreeable to this art installation being installed on their buildings, notwithstanding ensuring impacts to any heritage facades is properly reviewed by City staff. As the Old Town Toronto Business Improvement Area still has the funds previously provided in 2019, this motion would allow them to amend any agreements with the City as required to now put these funds towards the Front Street East and Jarvis Street intersection where both the St. Lawrence Market and 109 Front Street East buildings are located.

City Council increase the approved 2019 Operating Budget for Non-Program by $125,000.00 gross, $0 net fully funded by Section 37 community benefits obtained in the development of the lands now known as 20 to 26 Lombard Street and 25 Richmond Street East (source account XR3026-3700826), for the purpose of forwarding funds to the Old Town Toronto Business Improvement Area for capital improvements near Front Street East and Jarvis Street (Cost Centre NP2161). b. amending Part 2 by: 1. deleting the word "be" after the words "the $125,000.00" and replacing it with the word "previously"; 2. adding the word "be" after the words "St. Lawrence Market Neighbourhood Business Improvement Area"; and 3. adding the words "or amending the previous Undertaking" after the words "signing an undertaking"; so that Part 2 now reads as follows: 2. City Council direct that the $125,000.00 previously forwarded to the St. Lawrence Market Neighbourhood Business Improvement Area be subject to the Business Improvement Area signing an Undertaking or amending the previous Undertaking governing the use of the funds and the financial reporting requirements. 2. City Council direct that the project details (including installation method) shall be submitted to the satisfaction of the Senior Manager, Heritage Planning, Urban Design, City Planning in the event a heritage permit may be required under the provision of Section 33 of the Ontario Heritage Act.