Update on the Community Centre coming to Executive Committee next week. See;
http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2020.EX15.13
5. City Council authorize the following adjustments to the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan for the Lower Yonge Street Community Recreation Centre Space sub-project, in the Community Centre project:
a. City Council authorize the City of Toronto to enter into, and the General Manager, Parks, Forestry and Recreation to execute on behalf of the City, a Construction Management Agreement with Pinnacle International Limited for the construction of the Lower Yonge Street Community Recreation Centre, on terms and conditions deemed necessary and appropriate by the General Manager, Parks, Forestry and Recreation and the City Solicitor, and in accordance with City policies applicable to capital projects;
b. City Council authorize the City of Toronto to enter into, and the General Manager, Parks, Forestry and Recreation to execute on behalf of the City any other ancillary agreements necessary to complete construction on the Community Recreation Centre, on terms and conditions satisfactory to the General Manager, Parks, Forestry and Recreation and the City Solicitor;
c. City Council approve an amendment to the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan for the Lower Yonge Street Community Recreation Centre Space sub-project, in the Community Centre project, in the amount of $0.500 million, increasing the total project cost from $17.500 million to $18.000 million, with cash flow commitments in 2021, fully funded by Development Charges (XR2114); and
d. City Council advance the Lower Yonge Community Recreation Centre Space by authorizing the General Manager, Parks Forestry and Recreation to transfer up to $18.000 million from the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan from the Lower Yonge Street Community Recreation Centre sub-project, subject to entering into an agreement with Pinnacle International Limited, to that entity to fund the City's agreed cash portion for the development of the Lower Yonge Street Community Recreation Centre Space.