Item - 2018.EX34.19
Tracking Status
- City Council adopted this item on May 22, 2018 without amendments and without debate.
- This item was considered by the Executive Committee on May 14, 2018 and adopted without amendment. It will be considered by City Council on May 22, 2018.
EX34.19 - Project Costs Adjustments and Deferrals/Accelerations to the Parks, Forestry and Recreation 2018 Capital Budget and 2019-2027 Capital Plan
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on May 22, 23 and 24, 2018, adopted the following:
1. City Council authorize the reallocation of funds and revision to project costs within Parks, Forestry and Recreation's 2018 Council Approved Capital Budget and future year commitments in the amount of $1.219 million, as included in Appendix 1 to the report (April 30, 2018) from the General Manager, Parks, Forestry and Recreation, with no debt impact.
2. City Council authorize the deferral and acceleration of projects in Parks, Forestry and Recreation's 2018 Council Approved Capital Budget and future year commitments in the amount of $0.218 million, as included in Appendix 1 to the report (April 30, 2018) from the General Manager, Parks, Forestry and Recreation, with no debt impact.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114813.pdf
Appendix 1 - Adjustments to Cash Flows and Project Costs ($000s)
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114814.pdf
EX34.19 - Project Costs Adjustments and Deferrals/Accelerations to the Parks, Forestry and Recreation 2018 Capital Budget and 2019-2027 Capital Plan
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council authorize the reallocation of funds and revision to project costs within Parks, Forestry and Recreation's 2018 Council Approved Capital Budget and future year commitments in the amount of $1.219 million, as included in Appendix 1 to the report (April 30, 2018) from the General Manager, Parks, Forestry and Recreation, with no debt impact.
2. City Council authorize the deferral and acceleration of projects in Parks, Forestry and Recreation's 2018 Council Approved Capital Budget and future year commitments in the amount of $0.218 million, as included in Appendix 1 to the report (April 30, 2018) from the General Manager, Parks, Forestry and Recreation, with no debt impact.
Origin
Summary
The purpose of this report is to request authority from City Council to amend the 2018 Council Approved Capital Budget and 2019-2027 Capital Plan for Parks, Forestry and Recreation (PFR) by adjusting project costs and cash flows contained within the Budget and Plan. These adjustments will align cash flows and project costs in order to award a contract increase for Purchase Order No. 6041950 with Calian Ltd. that exceeds the current approved project cost and ensuring funds and cash flows are allocated to projects that are proceeding in 2018.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114813.pdf
Appendix 1 - Adjustments to Cash Flows and Project Costs ($000s)
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-114814.pdf