Item - 2017.EX26.36
Tracking Status
- City Council adopted this item on July 4, 2017 without amendments.
- This item was considered by the Executive Committee on June 19, 2017 and adopted without amendment. It will be considered by City Council on July 4, 2017.
- See also BU33.10
EX26.36 - Toronto Public Library - 2017 Capital Budget and 2018 - 2026 Capital Plan Adjustments (First Quarter)
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on July 4, 5, 6 and 7, 2017, adopted the following::
1. City Council authorize a one-time $4.000 million reallocation within the 2017 Operating Budget to apply the savings arising from the Library Board approved North York Central Library branch closure to fund accelerated capital spending to Phase 1 of the North York Central Library project (CLB193-01), with zero net impact on the 2017 Operating Budget.
2. City Council adjust the 2017 Capital Budget for North York Central Library Phase 1 project (CLB193-01) to accelerate cash flows into 2017, to allow for a 2018 completion, by the application of $4.000 million of 2017 Operating Budget savings, and the adjustment of development charge and debt financing cash flows as specified in the Capital Budget adjustment in Appendix A to the report (April 27, 2017) from the City Librarian.
3. City Council apply the $4.000 million of capital debt financing freed-up from North York Central Library Phase 1 project to the Multi-Branch State of Good Repair project over the years 2017 - 2019, as specified in the Capital Budget adjustment in Appendix A to the report (April 27, 2017) from the City Librarian.
4. City Council adjust the 2018-2026 Capital Plan to accelerate the completion of the North York Central Library Phase 2 project to 2020 from 2021, as specified in the Capital Plan adjustment in Appendix A to the report (April 27, 2017) from the City Librarian.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104674.pdf
Appendix A - Toronto Public Library 2017 Capital Budget and 2018-2026 Capital Plan Adjustments
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104673.pdf
Motions (City Council)
Vote (Adopt Item) Jul-04-2017 11:17 AM
| Result: Carried | Majority Required - EX26.36 - Adopt the item |
|---|---|
| Total members that voted Yes: 42 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Josh Colle, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Michael Ford, Mary Fragedakis, Mark Grimes, Jim Hart, Michelle Holland, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Chin Lee, Giorgio Mammoliti, Josh Matlow, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Frances Nunziata (Chair), Cesar Palacio, Gord Perks, Anthony Perruzza, Jaye Robinson, Neethan Shan, Michael Thompson, John Tory, Kristyn Wong-Tam |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 3 | Members that were absent are Pam McConnell, James Pasternak, David Shiner |
Declared Interests (City Council)
Councillor James Pasternak - as his spouse, while on leave, is technically still an employee of the Toronto Public Library.
36a - Toronto Public Library - 2017 Capital Budget and 2018 - 2026 Capital Plan Adjustments (First Quarter)
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104972.pdf
EX26.36 - Toronto Public Library - 2017 Capital Budget and 2018 - 2026 Capital Plan Adjustments (First Quarter)
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council approve operating budget adjustments comprised of a one-time $4.000 million reallocation within the 2017 Operating Budget to apply the savings arising from the Library Board approved North York Central Library branch closure to fund accelerated capital spending to Phase 1 of the North York Central Library project (CLB193-01), with zero net impact on the 2017 Operating Budget.
2. City Council adjust the 2017 Capital Budget for North York Central Library Phase 1 project (CLB193-01) to accelerate cash flows into 2017, to allow for a 2018 completion, by the application of $4.000 million of 2017 Operating Budget savings, and the adjustment of development charge and debt financing cash flows as specified in the Capital Budget adjustment in Appendix A to the report (April 27, 2017) from the City Librarian.
3. City Council apply the $4.000 million of capital debt financing freed-up from North York Central Library Phase 1 project to the Multi-Branch State of Good Repair project over the years 2017 - 2019, as specified in the Capital Budget adjustment in Appendix A to the report (April 27, 2017) from the City Librarian.
4. City Council adjust the 2018-2026 Capital Plan to accelerate the completion of the North York Central Library Phase 2 project to 2020 from 2021, as specified in the Capital Plan adjustment in Appendix A to the report (April 27, 2017) from the City Librarian.
Origin
Summary
This report requests authority to amend the Toronto Public Library (TPL) 2017 Council Approved Capital Budget and 2018-2026 Capital Plan by applying $4.000 million of operating budget savings generated from a temporary closure of North York Central Library (NYCL) to fund accelerated capital cash flows for that branch, and apply capital debt financing freed up to the Multi-Branch State of Good Repair (SOGR) project. The amendments will have zero debt impact corporately, will reduce the State of Good Repair backlog and will better align 2017 and future cash flows with Toronto Public Library program requirements.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104674.pdf
Appendix A - Toronto Public Library 2017 Capital Budget and 2018-2026 Capital Plan Adjustments
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104673.pdf
Motions
That the recommendations in the letter (June 9, 2017) from the Budget Committee [Item EX26.36a] be adopted.
Declared Interests
Councillor James Pasternak - as his spouse, while on leave, is still an employee of the Toronto Public Library
36a - Toronto Public Library - 2017 Capital Budget and 2018 - 2026 Capital Plan Adjustments (First Quarter)
Origin
Summary
This report requests authority to amend the Toronto Public Library (TPL) 2017 Council Approved Capital Budget and 2018-2026 Capital Plan by applying $4.000 million of operating budget savings generated from a temporary closure of North York Central Library (NYCL) to fund accelerated capital cash flows for that branch, and apply capital debt financing freed up to the Multi-Branch State of Good Repair (SOGR) project. The amendments will have zero debt impact corporately, will reduce the State of Good Repair backlog and will better align 2017 and future cash flows with Toronto Public Library program requirements.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104972.pdf