Item - 2018.EX36.26
Tracking Status
- City Council adopted this item on July 23, 2018 without amendments.
- This item was considered by Executive Committee on July 17, 2018 and was adopted with amendments. It will be considered by City Council on July 23, 2018.
EX36.26 - Transportation Services 2018 Capital Budget Adjustments
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on July 23, 24, 25, 26, 27 and 30, 2018, adopted the following:
1. City Council amend the Approved 2018-2027 Capital Budget and Plan for Transportation Services for deferral of funds within the City Bridge Rehabilitation Program in the amount of $5.000 million from 2018 to 2019 and the acceleration of funds within the Local Roads Rehabilitation Program in the amount of $5.000 million from 2019 to 2018.
2. City Council amend the Approved 2018-2027 Capital Budget and Plan for Transportation Services to create a new Commuter Cycling account with total project costs of $6.830 million gross, funded by the Ontario Municipal Commuter Cycling (OMCC) program revenue of $5.464 million and the transfer of $1.366 million from a previously approved 2018 Cycling Infrastructure account (CTP817-05) and committed cash flows of $0.400 million in 2018 and $6.430 million in 2019.
3. City Council amend the Approved 2018 Capital Budget and commitments for Transportation Services for the York Bay Yonge Ramp Reconfiguration Project changing the funding source from recoverable debt to the Development Charge Reserve Fund Roads (XR 2110) in the amount of $7.470 million.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118208.pdf
Motions (City Council)
EX36.26 - Transportation Services 2018 Capital Budget Adjustments
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council amend the Approved 2018-2027 Capital Budget and Plan for Transportation Services for deferral of funds within the City Bridge Rehabilitation Program in the amount of $5.000 million from 2018 to 2019 and the acceleration of funds within the Local Roads Rehabilitation Program in the amount of $5.000 million from 2019 to 2018.
2. City Council amend the Approved 2018-2027 Capital Budget and Plan for Transportation Services to create a new Commuter Cycling account with total project costs of $6.830 million gross, funded by the Ontario Municipal Commuter Cycling (OMCC) program revenue of $5.464 million and the transfer of $1.366 million from a previously approved 2018 Cycling Infrastructure account (CTP817-05) and committed cash flows of $0.400 million in 2018 and $6.430 million in 2019.
3. City Council amend the Approved 2018 Capital Budget and commitments for Transportation Services for the York Bay Yonge Ramp Reconfiguration Project changing the funding source from recoverable debt to the Development Charge Reserve Fund Roads (XR 2110) in the amount of $7.470 million.
Origin
Summary
This report requests City Council's authority to amend Transportation Services' Approved 2018 Capital Budget and 2019-2027 Capital Plan for accelerations and deferrals of previously approved commitments to align with program requirements and project delivery schedules.
In addition, the report requests authority to amend Transportation Services' 2018 Capital Budget and 2019-2027 Plan to create a new Commuter Cycling account with 2018 total project costs of $6.830 million gross, with new funding from the Ontario Municipal Commuter Cycling (OMCC) program of $5.464 million and the transfer of $1.366 million from a previously approved 2018 Cycling Infrastructure account for the City's required 20 percent commitment towards the implementation of the Ontario Municipal Commuter Cycling (OMCC) eligible projects.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118208.pdf
Motions
That City Council amend the Approved 2018 Capital Budget and commitments for Transportation Services for the York Bay Yonge Ramp Reconfiguration Project changing the funding source from recoverable debt to the Development Charge Reserve Fund Roads (XR 2110) in the amount of $7.470 million.