C2020-0600

That with respect to Report C2020-0600, the following be adopted: That Council approve the recommendations outlined in Attachment 1 – Council Innovation Fund Application for Downtown Accelerator Program – 1 Million Square feet (C2020-0463) to: 1. Approve this application to the Council Innovation Fund for the Downtown Accelerator Program - 1 Million Square Feet (1M), in the amount of $250,000; 2. Approve amendments to the Calgary Downtown Association’s 2020 budget to reflect expenses and associated grant revenue for the proposed project (Attachment 3); 3. Direct Administration to execute an agreement with the Calgary Downtown Association that, among other items, identifies that the Calgary Downtown Association is to only use approved grant funds to cover the proposed project expenses; and, 4. Direct Administration to report back to the Priorities and Finance Committee on the outcomes of this project by Q2 2022.