May 28, 1999

To:Planning and Transportation Committee

From: City Clerk

Subject:Further Report on Proposed Use of Funds Generated From Cash-in-lieu of Parkland Dedication

Recommendation:

The East York Community Council on May 26 and 27, 1999 endorsed the interim policy respecting the use of funds received by the City from cash-in-lieu of parkland dedication requirements associated with development projects as outlined in the joint report (May 17, 1999) from the Commissioner of Economic Development, Culture and Tourism and the Commissioner of Urban Planning and Development Services embodied in Clause No. 5 of Report No. 7 of the Urban Environment and Development Committee headed "Further Report on Proposed Use of Funds Generated from Cash-in-lieu of Parkland Dedication".

Background:

The East York Community Council had before it a communication (May 18, 1999) from the CityClerk, forwarding Clause No. 5 of Report No. 7 of The Urban Environment and Development Committee, headed "Further Report on Proposed Use of Funds Generated from Cash-in-lieu of Parkland Dedication" which was struck out by City Council at its meeting on May11and12, 1999, and referred back to the Planning and Transportation Committee for further consideration; advising that Council also directed, among other things, that a copy of the Clause be forwarded to the Community Councils with a request that they submit their comments thereon to the Planning and Transportation Committee for consideration at its meeting on June 14, 1999.

City Clerk

Y. Davies/lr

Item No. 27

0526-27