Item - 2020.CC24.2

City Council on September 30, October 1 and 2, 2020, adopted the following:

1. City Council formally request $673 million in COVID-19 funding support from Phase 2 of the Provincial Safe Restart Program to offset the City's COVID-19 financial impacts to the City, following offsets generated by the City primarily through cost mitigation strategies.

2. City Council direct the City Manager to report to City Council in Fall 2020 on any additional commitments of financial support received from the Federal and Provincial Governments to the City; to continue to explore opportunities to achieve greater 2020 budget efficiencies or offsets; and to provide recommendation on any further mitigation options needed to address any remaining 2020 COVID-19 financial impacts.

3. City Council direct the City Manager and the Chief Financial Officer and Treasurer to continue to explore opportunities for budget efficiencies and offsets as part of the 2021 Budget Process to mitigate anticipated 2021 COVID-19 related financial impacts.

4. City Council direct the City Manager and the Chief Financial Officer and Treasurer to to engage with the Federal and Provincial Governments to obtain funding commitments to fully address remaining COVID-19 related financial impacts anticipated in 2021 to avoid reductions to transit service, service levels across all City operations and programs.

5. City Council approve the use of the Operating Variance Report for the Six Months Ended June 30, 2020 for the City's Phase 2 Safe Restart financial submissions.

6. City Council increase the Children's Services 2020 Operating Budget by $47.5 million gross and $0.0 net, funded from the City of Toronto's allocation of Safe Restart Funding for the Child Care and Early Years' Sector.

7. City Council authorize the Mayor and the Chief Financial Officer and Treasurer to enter into and execute any agreements, including any amendments and extension of such agreements, with the Province of Ontario for funding under the Municipal Transit Enhanced Cleaning program on terms and conditions satisfactory to the City Manager, and in a form satisfactory to the City Solicitor.

8. City Council authorize the receipt and disbursement of funds from the provincial Municipal Transit Enhanced Cleaning program.

9. City Council authorize the Executive Director, Corporate Real Estate Management to negotiate, approve and enter into interest free rent deferral agreements with qualifying tenants and licensees, which permit for a rent deferral period that extends through December 31, 2020, including the requirement that such tenant or licensee had a lease or licence with the City of Toronto that was in good standing prior to April 1, 2020, such agreements to be in a form satisfactory to the City Solicitor.