Item - 2020.EX15.13

The Executive Committee recommends that:  

1.  City Council reallocate project costs, cash flows, and funding sources within the Parks, Forestry and Recreation's 2019 Council Approved Capital Budget and 2020-2028 Capital Plan in the amount of $5,515,541, for acceleration and deferral of projects, as included in Appendix 1 to the report (June 29, 2020) from the General Manager, Parks, Forestry and Recreation.

2.  City Council reallocate cash flows in the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan, for the deferral in the amount of $12,959,662 and acceleration in the amount of $11,101,173 as included in Appendix 2 to the report (June 29, 2020) from the General Manager, Parks, Forestry and Recreation.

3.  City Council increase project costs and cash flows within the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and future year commitments in the amount of $6,184,606, as included in Appendix 3 to the report (June 29, 2020) from the General Manager, Parks, Forestry and Recreation, with no debt impact.

4.  City Council authorize the reduction of cash flow and closure of five (5) sub-projects in the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget in the amount of $1,210,182, as included in Appendix 4 to the report (June 29, 2020) from the General Manager, Parks, Forestry and Recreation, and release commitments on development related funding sources to the appropriate accounts.

5.  City Council adjust the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan for the Lower Yonge Street Community Recreation Centre Space sub-project, in the Community Centre project as follows:

a.  City Council authorize the City of Toronto to enter into, and the General Manager, Parks, Forestry and Recreation to execute on behalf of the City, a Construction Management Agreement with Pinnacle International Limited for the construction of the Lower Yonge Street Community Recreation Centre, on terms and conditions deemed necessary and appropriate by the General Manager, Parks, Forestry and Recreation and the City Solicitor, and in accordance with City policies applicable to capital projects;

b.  City Council authorize the City of Toronto to enter into, and the General Manager, Parks, Forestry and Recreation to execute on behalf of the City any other ancillary agreements necessary to complete construction on the Community Recreation Centre, on terms and conditions satisfactory to the General Manager, Parks, Forestry and Recreation and the City Solicitor;

c.  City Council amend the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan for the Lower Yonge Street Community Recreation Centre Space sub-project, in the Community Centre project, in the amount of $0.500 million, increasing the total project cost from $17.500 million to $18.000 million, with cash flow commitments in 2021, fully funded by Development Charges (XR2114); and

d.  City Council advance the Lower Yonge Community Recreation Centre Space by authorizing the General Manager, Parks Forestry and Recreation to transfer up to $18.000 million from the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan from the Lower Yonge Street Community Recreation Centre sub-project, subject to entering into an agreement with Pinnacle International Limited, to that entity to fund the City's agreed cash portion for the development of the Lower Yonge Street Community Recreation Centre Space.

6.  City Council amend the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan for the CAMP (State of Good Repair) Special Facilities Buildings and Structures (CPR126-47-01) sub-project, in the Special Facilities project, in the amount of $0.258 million, increasing the total project cost from $4.360 million to $4.618 million, cash flowed in 2020, with funding from the following Section 42 Above 5 percent Cash-in-lieu sources for capital improvements to the llama and capybara building in High Park Zoo: $25,734.43 from 489 Parkside Drive (Source Account: XR2213-4200752) and $232,265.57 from 2114 Bloor Street West (Source Account: XR2213-4201055).

7.  City Council transfer up to an additional $0.343 million to the Friends of High Park Zoo, from the Parks, Forestry and Recreation's 2020-2029 Council Approved Capital Budget and Plan under the CAMP (State of Good Repair) Special Facilities Buildings and Structures sub-project, in the Special Facilities project, for capital improvements to the llama and capybara building in High Park Zoo, on terms and conditions satisfactory to the General Manager, Parks, Forestry and Recreation.

8.  City Council authorize the General Manager, Parks, Forestry and Recreation to amend the Construction and Licence Agreement dated January 1, 2017 between the City and the Friends of High Park Zoo, to allow for the transfer of up to an additional $0.343 million from the City to the Friends of High Park Zoo, to be used for the purpose of the Llama and Capybara Building Project at the High Park Zoo, on terms and conditions acceptable to the General Manager and the City Solicitor.

9.  City Council amend the Parks, Forestry and Recreation's 2020-2029 Council Approved Capital Budget and Plan to create a new capital sub-project known as Clydesdale Tennis Clubhouse Improvements in the Outdoor Recreation Centre project, with a project cost of $0.582 million, and cash flow commitments of $0.040 million in 2020 and $0.542 million in 2021, fully funded by Section 37 community benefits obtained from the development at 2135 Sheppard Avenue East and 299 Yorkland Boulevard (XR3026-3700857), for the purpose of improvements to the building.

This report requests authority from City Council to amend the Parks, Forestry and Recreation's 2019 Council Approved Capital Budget and 2020-2028 Capital Plan by adjusting project costs and future year cash flows to align with year-end expenditures and project progress. 

Authority is also requested to amend the Parks, Forestry and Recreation's 2020 Council Approved Capital Budget and 2021-2029 Capital Plan by adjusting project costs and future year cash flows contained within the 10-Year Capital Plan.  These adjustments will align cash flows for capital project delivery schedules and program requirements and as a result, will have no impact on the timing of debt requirements.  Reallocations of cash flows and project costs are also requested where recent project bids exceed the current approved cash flow, or alternatively to advance projects into 2020 that are ready to proceed. 

Projects that have been completed or cancelled are also requested to be closed, with cash flow reduced, and commitments on funding sources to be released to their funding sources for future budgeting.

In addition, authority from City Council is required to execute a Construction Management Agreement between the City of Toronto and Pinnacle International Limited in order for the City to provide funding for the fit-out of the Lower Yonge Street Community Recreation Centre Space.  An amendment to the Construction and License Agreement between the City and the Friends of High Park Zoo is also being recommended, increasing the amount of funds to be transferred from the City to the Friends of High Park Zoo for capital improvements to the llama and capybara building in High Park Zoo.