Item - 2015.EX3.3

The Executive Committee recommends that:

Capital Budget:

1.         City Council approve the 2015 Recommended Capital Budget for Toronto Parking Authority with a total project cost of $41.970 million, and 2015 cash flow of $47.725 million and future year commitments of $14.042 million comprised of the following:

a.         New Cash Flow Funds for:

i.          40 new / change in scope sub-projects with a 2015 total project cost of $41.970 million that requires cash flow of $27.928 million in 2015 and an increase in future year cash flow commitments of $14.042 in 2016.

b.         2014 approved cash flow for 24 previously approved sub-projects with carry forward funding from 2014 into 2015 totalling $19.797 million.

2.         City Council approve the 2016-2024 Recommended Capital Plan for Toronto Parking Authority totalling $347.643 million in project estimates, comprised of $60.405 million in 2016; $43.485 million for 2017; $57.312 million for 2018; $33.439 million for 2019; 23.068 million for 2020; $24.297 million for 2021; $31.027 million for 2022; $34.659 million for 2023; and $39.942 million in 2024.

3.         City Council consider the operating savings of $1.045 million net in 2016; $4.032 million net in 2017; $2.123 million net in 2018; $0.965 million in 2019; $1.439 million in 2020; $0.850 million in 2021; $0.910 million in 2022; $1.245 million in 2023; and $1.425 million in 2024 resulting from the approval of the 2015 Recommended Capital Budget for inclusion in the 2015 and future year operating budgets.

Operating Budget:

4.         City Council approve the 2015 Recommended Operating Budget for Toronto Parking Authority of $81.984 million gross and ($52.246) million net, for the following services:

5.         City Council approve the 2015 recommended service levels for Toronto Parking Authority as outlined on pages 16 and 19 of the 2015 Staff Recommended Operating Budget for Toronto Parking Authority, and the associated staff complement of 299.40 positions.

6.         City Council direct that the appropriate City staff ensure coordination of major transit and transportation or City building capital projects in close consultation with Toronto Parking Authority.

7.         City Council receive the report (January 12, 2015) from the President, Toronto Parking Authority, titled, "Toronto Parking Authority - Multi-Year Plan for 'Greening' Surface Parking Lots”.

City Council will consider the 2015 Rate Supported Budgets for the Toronto Parking Authority at its meeting on March 10 and 11, 2015.

This report serves to outline the Toronto Parking Authority's multi-year plan to retrofit and apply the design guidelines outlined in the Design Guidelines for 'Greening' Surface Parking Lots ('Greening Guidelines').  The Toronto Parking Authority ('TPA' or 'the Authority') recognizes the need to incorporate environmentally responsible features in all of its parking facilities, adopting a less conventional approach when designing its surface carparks, where typically maximizing the numbers of parking spaces, maintenance and servicing efficiencies are priority considerations. This report will address the Authority's multi-year plan for 'greening', whereby the TPA will retrofit its existing and future surface parking lots.

The application of the Greening Guidelines at the Toronto Parking Authority will occur with:

-           New Development/Acquisition of Surface Parking Lots and Garages

-           Major Redevelopment Initiatives

-           Retrofitting in conjunction with the Surface Carpark Repaving Program

The majority of existing surface parking lots will require retrofitting in conjunction with the Surface Carpark Repaving Program. TPA has identified about 130 carparks that need 'greening', that is, approximately 7 carparks per year in a 19 year time span between 2015 and 2033. TPA staff has determined that given its existing staff resources a maximum of 7 carparks per year can be retrofitted.