Authorization to Release Section 37 Funds to the Chinese Cultural Centre of Greater Toronto to Facilitate Construction of the Asian Garden at Cynthia Lai Park - by Councillor Jamaal Myers, seconded by Councillor Lily Cheng

The amending by-law specifies that such funds may be redirected at the discretion of the Chief Planner and Executive Director of City Planning, in consultation with the local Councillor, provided the new purpose is identified in the Toronto Official Plan and benefits the community in the vicinity of the subject lands. As these specific funds have remained unused for more than three years, they are eligible for reallocation. The development site at 1088 Progress Avenue is located directly across the street from Cynthia Lai Park. Allocating these funds to the Asian Garden project directly serves the local community in the immediate vicinity of the original development and aligns with the goals of the Toronto Official Plan to foster vibrant, well-maintained public realms. This motion seeks to authorize the release of $11,499.28 in eligible Section 37 funds to support the construction and implementation of the garden.

2. City Council direct that the $11,499.28 be forwarded to the Chinese Cultural Centre of Greater Toronto upon the signing of an undertaking by the Chinese Cultural Centre of Greater Toronto that governs the use of the funds and the financial reporting requirements.