WHEREAS Section 107 of the Municipal Act, 2001 allows municipalities to provide grants on such terms as the Council considers appropriate for purposes that Council considers to be in the interests of the municipality.
AND WHEREAS the Downtown Milton Business Improvement Area (DMBIA) has hosted a winter street festival in downtown Milton (Holidayfest) for over five years, and the Tiger Jeet Singh Foundation (TJSF) has hosted a winter event in downtown Milton for 14 years (Miracle on Main Street).
AND WHEREAS the DMBIA and TJSF have entered a partnership to combine elements of Holidayfest and Miracle on Main Street to bring a single, expanded, enhanced, and coordinated winter event to downtown Milton while advancing the economic mandate of the DMBIA and the charitable work of the TJSF (the "Event").
AND WHEREAS the DMBIA and TJSF have both committed resources and financial investment to support the Event, but those resources do not cover the entire estimated cost, and the resulting shortfall requires additional financial support.
AND WHEREAS the DMBIA has provided a written request to the Town of Milton for financial support to bring the Event to Downtown Milton, (which request is attached to this Notice of Motion as Schedule "A").
AND WHEREAS the Town of Milton's Strategic plan to create placemaking and community attractiveness for future residents and employers suggests a focus on events that enhance community engagement and quality of life.
THEREFORE BE IT RESOLVED THAT the Town of Milton provide a one-time financial support of up to $38,000.00 (thirty-eight thousand dollars) to the DMBIA to support of the Event subject to the following terms:
- Eligible costs include those items as presented in Appendix 1 to the DMBIA’s letter;
- The funding commitments from the DMBIA and TJSF will be applied to the costs outlined above first, followed by utilization of the Town’s grant;
- Payment of the funding is contingent on the submission of a post-event summary that includes a statement of the costs and revenues associated with the event (along with the related supporting documentation), as well as a summary of the outcomes of the event.
AND THAT the grant be provided through the 2023 operating budget for the Mayor and Council, and that a transfer from the Ontario Lottery Corporation Proceeds reserve to the operating budget be approved to fund the grant.
AND THAT any future requests for the winter event be presented through the annual budget process as part of the DMBIA operating budget.