Item - 2015.EX6.15

Tracking Status

  • City Council adopted this item on June 10, 2015 without amendments.
  • This item was considered by the Executive Committee on May 26, 2015 and adopted without amendment. It will be considered by City Council on June 10, 2015.
  • See also BU8.7

EX6.15 - 2015 Capital Budget Adjustments for Sustainable Energy Plan

Decision Type:
ACTION
Status:
Adopted
Wards:
All

City Council Decision

City Council on June 10 and 11, 2015, adopted the following

 

1.  City Council authorize the reallocation of approved capital funding for the Lighting Retrofit Project in Parks, Forestry and Recreation arenas in the Sustainable Energy Plan's 2015 Capital Budget in the amount of $983,000 with a zero gross and net budget impact.

Background Information (Committee)

(May 4, 2015) Report from the Chief Corporate Officer on 2015 Capital Budget Adjustments for Sustainable Energy Plan
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-80093.pdf

Motions (City Council)

Motion to Adopt Item (Carried)

15a - 2015 Capital Budget Adjustments for Sustainable Energy Plan

Background Information (Committee)
(May 19, 2015) Letter from the Budget Committee on 2015 Capital Budget Adjustments for Sustainable Energy Plan
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-80213.htm

EX6.15 - 2015 Capital Budget Adjustments for Sustainable Energy Plan

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Executive Committee recommends that: 

 

1.  City Council authorize the reallocation of approved capital funding for the Lighting Retrofit Project in Parks, Forestry and Recreation arenas in the Sustainable Energy Plan's 2015 Capital Budget in the amount of $983,000 with a zero gross and net budget impact.

Origin

(May 4, 2015) Report from the Chief Corporate Officer

Summary

This report requests City Council's authority to adjust the 2015 Approved Capital Budget for Sustainable Energy Plan (SEP) by reallocating approved capital funding from projects currently in the 2015 Approved Capital Budget that are being cancelled or can be deferred to the Lighting Retrofit Project in Parks, Forestry and Recreation arenas.

 

This budget adjustment will result in a zero gross and net impact to the 2015 Approved Capital Budget for SEP.  This action will allow the City to direct funding to a conservation and demand management project that will have positive economic and environmental benefits on the City as a whole.

Background Information

(May 4, 2015) Report from the Chief Corporate Officer on 2015 Capital Budget Adjustments for Sustainable Energy Plan
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-80093.pdf

Motions

1 - Motion to Adopt Item moved by Mayor John Tory (Carried)

15a - 2015 Capital Budget Adjustments for Sustainable Energy Plan

Origin
(May 19, 2015) Letter from the Budget Committee
Summary

This report requests City Council's authority to adjust the 2015 Approved Capital Budget for Sustainable Energy Plan (SEP) by reallocating approved capital funding from projects currently in the 2015 Approved Capital Budget that are being cancelled or can be deferred to the Lighting Retrofit Project in Parks, Forestry and Recreation arenas.

 

This budget adjustment will result in a zero gross and net impact to the 2015 Approved Capital Budget for SEP. This action will allow the City to direct funding to a conservation and demand management project that will have positive economic and environmental benefits on the City as a whole.

Background Information
(May 19, 2015) Letter from the Budget Committee on 2015 Capital Budget Adjustments for Sustainable Energy Plan
https://www.toronto.ca/legdocs/mmis/2015/ex/bgrd/backgroundfile-80213.htm
Source: Toronto City Clerk at www.toronto.ca/council