Item - 2019.EX9.8
Tracking Status
- City Council adopted this item on October 29, 2019 without amendments.
- This item was considered by the Executive Committee on October 23, 2019 and adopted without amendment. It will be considered by City Council on October 29, 2019.
- See also BU9.1
EX9.8 - Planning Act (Section 37 and Section 45) Reserve Funds Statement, 2016-2018
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on October 29 and 30, 2019, adopted the following:
1. City Council receive the report (September 23, 2019) from the Chief Financial Officer and Treasurer and the Chief Planner and Executive Director, City Planning for information.
City Council Decision Advice and Other Information
During the review of the Order Paper on October 29, 2019, City Council adopted a procedural motion to remove this Item from the jurisdiction of the Executive Committee and bring it forward for consideration by City Council.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-138702.pdf
(September 23, 2019) Report and Attachments 1 - 5 from the Chief Financial Officer and Treasurer and the Chief Planner and Executive Director, City Planning on Planning Act (Section 37 and Section 45) Reserve Funds Statement, 2016-2018
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-138724.pdf
Communications (Committee)
Motions (City Council)
That in accordance with Section 27-7.10 of Council Procedures, City Council remove Item EX9.8, headed "Planning Act (Section 37 and Section 45) Reserve Funds Statement, 2016-2018” from the Executive Committee and bring the Item forward to City Council for consideration.
EX9.8 - Planning Act (Section 37 and Section 45) Reserve Funds Statement, 2016-2018
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee:
1. Received the report (September 23, 2019) from the Chief Financial Officer and Treasurer and the Chief Planner and Executive Director, City Planning for information.
Origin
Summary
This report provides a financial statement of Planning Act (Section 37 and Section 45) reserve funds for the fiscal years of 2016, 2017 and 2018. The report details the contributions received from developers; interest earned; and transfers for expenditure for the period of January 1, 2016 to December 31, 2018. In addition, the report summarizes the Section 37 community benefits secured through site-specific zoning by-laws and Section 45 community benefits secured through Committee of Adjustment decisions during this time period.
The attachments to the report provide additional transaction details and reserve fund balances by ward as of December 31, 2018.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-138702.pdf
(September 23, 2019) Report and Attachments 1 - 5 from the Chief Financial Officer and Treasurer and the Chief Planner and Executive Director, City Planning on Planning Act (Section 37 and Section 45) Reserve Funds Statement, 2016-2018
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-138724.pdf