Coming to Council next week:
1. City Council approve the release of the Bloor Street Transformation Maintenance Reserve Fund in the amount of $245,896 (cost centre XR3401), in order to undertake granite repairs within the limits of this project, being a point 45 metres west of Avenue Road and St. Paul's Square.
Summary
This Motion seeks authorization to amend the Approved 2017 Capital Budget of Transportation Services, subsequent to the adoption of that budget, to include additional Bloor Street Transformation Maintenance Reserve Funds (the "Reserve Fund") of $245,896 (cost centre XR3401), in order to finance maintenance repairs for this project. The Bloor Street Transformation project spans along Bloor Street between a point 45 metres west of Avenue Road to St. Paul's Square.
The Board of Management of the Bloor Street Business Improvement Area entered into an agreement with the City in 2005, which, generally, outlines maintenance obligations, financing responsibilities and liability of each party. One of the items in this agreement requires the Business Improvement Area to contribute funds annually to the Reserve Fund until 2027. To date, the Reserve Fund has reached $245,896. The Business Improvement Area has requested Transportation Services to undertake specific repairs to the sidewalk granite pavers within the project area. Transportation Services is currently preparing a tender to complete the specified repairs.
The repairs will include the resetting and replacement of granite pavers as well as grout replacement required for roadside settlements and trip hazards. These repairs are necessary to improve the surface level of the sidewalk, accessibility, as well as maintain the integrity of the unique streetscape in this area.