Item - 2012.PG12.13

Tracking Status

This item was considered by Planning and Growth Management Committee on March 22, 2012. The Planning and Growth Management Committee postponed consideration of this item. Consult the text of the decision for further information on the deferral.

PG12.13 - Eco-Roof Incentive Program: Creation of Reserve Fund

Decision Type:: ACTION

Status:: Deferred

Wards:: All

Committee Decision

The Planning and Growth Management Committee deferred consideration of the item until its meeting on April 19, 2012.

Origin

(March 7, 2012) Report from the Deputy City Manager, and the Deputy City Manager and Chief Financial Officer

Summary

This report recommends the creation of a reserve fund to receive money paid to the City of Toronto by developers who make a cash-in-lieu payment when they opt not to construct a green roof, as required by the Green Roof Bylaw (Toronto Municipal Code Chapter 492).

Creation of a reserve fund will enable the City to maintain the Eco-Roof Incentive Program, as 2012 is the final year of scheduled financial support for the Strategic Infrastructure Reserve.

The program applies to existing industrial, commercial and institutional buildings and new buildings not subject to the City's Green Roof Bylaw that mandates green roofs for new building construction over a certain size threshold.

The Eco-Roof Incentive Program, established in 2008, is administered by the Toronto Environment Office.

This report also recommends changes to the Terms and Conditions of the Eco-Roof Incentive Program to ensure that eligibility for Eco-Roof Incentive Program funding is consistent with the requirements of the Green Roof Bylaw for industrial, commercial and institutional buildings.

Background Information

(March 7, 2012) Report and Appendix 1 from the Deputy City Manager, and the Deputy City Manager and Chief Financial Officer on Eco-Roof Incentive Program: Creation of Reserve Fund
https://www.toronto.ca/legdocs/mmis/2012/pg/bgrd/backgroundfile-45780.pdf

Motions

Motion to Defer Item moved by Councillor Gary Crawford (Carried)

That consideration of the item be deferred until the April 19, 2012 meeting of the Planning and Growth Management Committee.