Item - 2011.EX2.12
Tracking Status
- City Council adopted this item on February 7, 2011 without amendments.
- This item was considered by the Executive Committee on January 17, 2011 and adopted without amendment. It will be considered by City Council on February 7, 2011.
EX2.12 - Toronto Public Library 2010 Capital Budget - Technical Adjustments as of October 31, 2010
- Decision Type:
- ACTION
- Status:
- Adopted
City Council Decision
City Council on February 7 and 8, 2011, adopted the following:
1. City Council approve the following debt cash flow reallocations:
a. advance $700,000 gross and debt from 2011 to 2010 for the Cedarbrae Library project and defer $700,000 gross and debt from 2010 to 2011 from the Malvern Library youth hub project; and
b. advance $300,000 gross and debt from 2011 to 2010 for the self-service check-out project and defer offsetting gross and debt funding from 2010 to 2011 as follows: $100,000 from the Brentwood Library project, $150,000 from the Thorncliffe Library project and $50,000 from the Virtual Branch Library project.
2. City Council approve the following non-debt cash flow reallocations:
a. $77,000 gross ($0 debt) from 2010 to 2011 for the Mount Dennis Library project;
b. $126,000 gross ($0 debt) from 2010 to 2011 for the Fairview Library project; and
c. $300,000 gross ($0 debt) from 2010 to 2011 for the Toronto Reference Library ISF project.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2011/ex/bgrd/backgroundfile-34841.pdf
Motions (City Council)
Vote (Adopt Item) Feb-07-2011 3:01 PM
| Result: Carried | Majority Required - EX2.12 - Adopt the item |
|---|---|
| Total members that voted Yes: 33 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bailão, Michelle Berardinetti, Shelley Carroll, Raymond Cho, Josh Colle, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Mike Del Grande, Sarah Doucette, Rob Ford, Mary Fragedakis, Mark Grimes, Norman Kelly, Mike Layton, Chin Lee, Giorgio Mammoliti, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Peter Milczyn, Frances Nunziata (Chair), Cesar Palacio, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam |
| Total members that voted No: 1 | Members that voted No are Ron Moeser |
| Total members that were Absent: 11 | Members that were absent are Gary Crawford, Frank Di Giorgio, John Filion, Paula Fletcher, Doug Ford, Doug Holyday, Gloria Lindsay Luby, Joe Mihevc, Denzil Minnan-Wong, John Parker, James Pasternak |
EX2.12 - Toronto Public Library 2010 Capital Budget - Technical Adjustments as of October 31, 2010
- Decision Type:
- ACTION
- Status:
- Adopted
Committee Recommendations
The Executive Committee recommends that City Council:
1. Approve the following debt cash flow reallocations:
a. Advance $700,000 gross and debt from 2011 to 2010 for the Cedarbrae Library project and defer $700,000 gross and debt from 2010 to 2011 from the Malvern Library youth hub project.
b. Advance $300,000 gross and debt from 2011 to 2010 for the self-service check-out project and defer offsetting gross and debt funding from 2010 to 2011 as follows: $100,000 from the Brentwood Library project, $150,000 from the Thorncliffe Library project and $50,000 from the Virtual Branch Library project.
2. Approve the following non-debt cash flow reallocations:
a. $77,000 gross ($0 debt) from 2010 to 2011 for the Mount Dennis Library project;
b. $126,000 gross ($0 debt) from 2010 to 2011 for the Fairview Library project; and
c. $300,000 gross ($0 debt) from 2010 to 2011 for the Toronto Reference Library ISF project.
Origin
Summary
The Toronto Public Library Board, at its meeting of November 22, 2010 approved technical budget adjustments to capital projects which include cash flow advances and deferrals that do not affect the annual debt funding level approved by Council. The Board is now seeking Council's approval of the technical budget adjustments.
Background Information
https://www.toronto.ca/legdocs/mmis/2011/ex/bgrd/backgroundfile-34841.pdf
Motions