Toronto Heritage Fund Grant -
252 Adelaide Street East (Ward 24)
The Economic Development and Parks Committee recommends the adoption of the following report (June 28, 1999)
from the Managing Director, Toronto Historical Board:
Purpose:
To assist the owner to complete the necessary restoration.
Funding Sources, Financial Implications and Impact Statement:
Funds are provided through the Toronto Heritage Fund.
Recommendations:
It is recommended that:
(1)the Toronto Heritage Fund Grant application for 252 Adelaide Street East of up to $2,000.00 be approved, in
principle;
(2)the grant be conditional on the owner entering into a Restoration Grant Agreement prepared by the City Legal
Department in consultation with the Acting Managing Director of the Toronto Historical Board; and
(3)the owner ensure that the Toronto Historical Board's support for this project is suitably recognized.
Background:
On December 10, 1999, an application was made for a Toronto Heritage Fund grant by Sagur Investments Limited to assist
with the restoration of the wooden columns at the entrances of 260 and 264 Adelaide Street East (municipal address is 252
Adelaide Street East).
At its meeting held on June 28, 1999, the Toronto Historical Board adopted the staff recommendation that the request for a
Toronto Heritage Fund grant be approved.
The property at 252 Adelaide Street East, known as the Bank of Upper Canada, is designated under Part IV of the Ontario
Heritage Act by By-law No. 504-75, November 26, 1975.
Discussion:
The Toronto Historical Board recommends that a grant of up to $2,000.00 be approved. It should be noted that grants are
awarded as matching funds.
The work consists of replacing rotted wooden sections of the columns at the entrance of 260 and 264Adelaide Street East
as well as repair of the columns at 260 Adelaide Street East. The estimated costs for labour and materials is $3,800.00.
This property is subject to a heritage easement agreement held by the Ontario Heritage Foundation. The Foundation will be
asked to approve the proposed work. As this building is a visible City of Toronto landmark, it is recommended that the
grant be approved.
The property is owned by Mr. Sheldon Godfrey, Sagur Investments Limited at 258 Adelaide Street East, Suite 200,
Toronto, Ontario, M5Z 1N1.
Contact Name:
Ms. Marisa Williams, Preservation Officer - Historical Preservation, 205 Yonge Street, Toronto, Ontario, M5B 1N2, Tel:
392-6827, Ext. 240.
