Item - 2012.EX24.21
Tracking Status
- City Council adopted this item on November 27, 2012 without amendments and without debate.
- This item was considered by the Executive Committee on November 5, 2012 and adopted without amendment. It will be considered by City Council on November 27, 2012.
- See also BU29.2
EX24.21 - Adjustments to the 2012 Parks, Forestry and Recreation Capital Budget to fund Parkland Acquisition in North York City Centre (Item BU29.2)
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Ward:
- 23 - Willowdale
City Council Decision
City Council on November 27, 28 and 29, 2012, adopted the following:
1. City Council amend the 2012 Council approved Parks, Forestry and Recreation Capital Budget to create a new capital project with a cost of $2.4 million called "Land Acquisitions for Edithvale Park" to be financed by:
a. Edithvale Land Acquisition Reserve Fund (XR2214) until all funds are depleted in this reserve fund; and
b. Offsite Parkland Dedication Reserve Fund (XR2216) for the remaining balance.
2. City Council direct that the Edithvale Land Acquisition Reserve Fund (XR2214) be closed upon its depletion.
3. City Council amend Municipal Code Chapter 227, Reserves and Reserve Funds by deleting the Edithvale Land Acquisition Reserve Fund from Appendix C, Schedule 10.
4. City Council grant authority to introduce the necessary bills in Council.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2012/ex/bgrd/backgroundfile-51379.pdf
(October 3, 2012) Report from the General Manager, Parks, Forestry and Recreation on Adjustments to the 2012 Parks, Forestry and Recreation Capital Budget to fund Parkland Acquisition in North York City Centre
https://www.toronto.ca/legdocs/mmis/2012/ex/bgrd/backgroundfile-51375.pdf
EX24.21 - Adjustments to the 2012 Parks, Forestry and Recreation Capital Budget to fund Parkland Acquisition in North York City Centre (Item BU29.2)
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 23 - Willowdale
Committee Recommendations
The Executive Committee recommends that:
1. City Council grant approval to amend the 2012 Council approved Parks, Forestry and Recreation Capital Budget to create a new capital project with a cost of $2.4 million called "Land Acquisitions for Edithvale Park" to be financed by:
a. Edithvale Land Acquisition Reserve Fund (XR2214) until all funds are depleted in this reserve fund; and
b. Offsite Parkland Dedication Reserve Fund (XR2216) for the remaining balance;
2. City Council direct that the Edithvale Land Acquisition Reserve Fund (XR2214) be closed upon its depletion.
3. City Council amend Municipal Code Chapter 227, Reserves and Reserve Funds by deleting the Edithvale Land Acquisition Reserve Fund from Appendix C, Schedule 10.
4. City Council grant authority to introduce the necessary bills in Council.
Origin
Summary
This report seeks Council authority to increase the 2012 Parks Forestry and Recreation Capital Budget by $2.4 million gross and $0 net for the acquisition of land for Edithvale Park to be funded by the Edithvale Land Acquisition Reserve Fund (XR2214) and Offsite Parkland Dedication Reserve Fund (XR2216).
Background Information
https://www.toronto.ca/legdocs/mmis/2012/ex/bgrd/backgroundfile-51379.pdf
(October 3, 2012) Report from the General Manager, Parks, Forestry and Recreation on Adjustments to the 2012 Parks, Forestry and Recreation Capital Budget to fund Parkland Acquisition in North York City Centre
https://www.toronto.ca/legdocs/mmis/2012/ex/bgrd/backgroundfile-51375.pdf