Councillor Kristyn Wong-Tam, seconded by Mayor John Tory recommends that:
1. City Council direct that, in accordance with the Section 37 Agreement for 480-492 Yonge Street and 3 Grosvenor Street, which specifies a community benefit of $1,370,805 to be allocated towards community, cultural or recreational facilities capital improvements within Ward 13, indexed upward annually for inflation, $437,048.69 of this funding shall be provided for the Massey Hall Revitalization.
2. City Council direct that, in accordance with the Section 37 Agreement for 219-231 Dundas Street East, which specifies a community benefit of $527,318.79 to be allocated towards community, cultural or recreational facilities capital improvements within Ward 13, indexed upward annually for inflation, $350,335 of this funding shall be provided for the Massey Hall Revitalization.
3. City Council direct that, in accordance with the Section 37 Agreement for 60 Shuter Street and 187 and 189 Church Street, which specifies a community benefit of $212,616.31 to be allocated towards community, cultural or recreational facilities capital improvements within Ward 13, indexed upward annually for inflation, $212,616.31 of this funding shall be provided for the Massey Hall Revitalization.
4. City Council request the Federal and Provincial governments to expand their support to ensure that Massey Hall receives the necessary financial support and assistance to complete the project in a timely manner. |