Item - 2008.PW17.10
Tracking Status
- City Council adopted this item on July 15, 2008 with amendments.
- This item will be considered by Public Works and Infrastructure Committee on June 27, 2008. It will be considered by City Council on July 15, 2008, subject to the actions of the Public Works and Infrastructure Committee.
PW17.10 - Agreement with Waterfront Toronto (TWRC) Subsidiary for the Installation of District Energy System Plant in Various Public Streets - West Don Lands, East Bayfront and Other Waterfront Development
- Decision Type:
- ACTION
- Status:
- Amended
- Ward:
- 28 - Toronto Centre-Rosedale
City Council Decision
City Council on July 15, 16 and 17, 2008, adopted the following motions:
1. City Council approve entering into an Agreement with Toronto Waterfront Revitalization Corporation (TWRC) or, at the option of TWRC, Waterfront Thermal Energy Corporation (the “Utility”), a subsidiary of TWRC, to authorize the construction, installation, maintenance and operation of a district energy system, including hot and chilled water distribution piping and ancillary plant in City of Toronto streets within the TWRC’s Designated Waterfront Area, generally under the terms and conditions set out in this report and such other terms and conditions as may be satisfactory to the City Solicitor and General Manager, Transportation Services.
2. The agreement provide that:
a. upon the winding up of TWRC pursuant to the TWRC Act, any financial or other pecuniary benefit to be received by TWRC with respect to its interest under the agreement shall be paid directly to the City; and
b. TWRC shall provide the City with a full accounting of the funds or other benefits received by it under the agreement and shall agree that those funds or benefits shall be considered to be a municipal contribution to the waterfront initiative.
3. In recognition of Part 2 of the Summary of Key Terms of the Agreement in which the City waives utility fees and provides the corporation with free access to the use of public highways, the Waterfront Secretariat and Transportation Services report to Council, in 2009, when a district energy provider has been secured by Waterfront Toronto through a Request for Proposals (RFP) process, on options for compensating the City for this contribution, including the feasibility of:
a. the District Energy Company or Waterfront Toronto underwriting the Capital cost of providing temporary and permanent installation and connections to City-owned buildings; and
b. the repayment of these costs in accordance with the provisions of the Agreement, in the event that Waterfront Toronto should sell the district energy utility.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2008/pw/bgrd/backgroundfile-13898.pdf
PW17.10 - Agreement with Waterfront Toronto (TWRC) Subsidiary for the Installation of District Energy System Plant in Various Public Streets - West Don Lands, East Bayfront and Other Waterfront Development
- Consideration Type:
- ACTION
- Ward:
- 28 - Toronto Centre-Rosedale
Origin
Recommendations
The General Manager, Transportation Services recommends that:
1. City Council approve entering into an Agreement with Toronto Waterfront Revitalization Corporation (TWRC) or, at the option of TWRC, Waterfront Thermal Energy Corporation (the "Utility"), a subsidiary of TWRC, to authorize the construction, installation, maintenance and operation of a district energy system, including hot and chilled water distribution piping and ancillary plant in City of Toronto streets within the TWRC’s Designated Waterfront Area, generally under the terms and conditions set out in this report and such other terms and conditions as may be satisfactory to the City Solicitor and General Manager, Transportation Services.
Summary
Financial Impact
Entering into the proposed Agreement will not result in financial costs to the City. The applicant will be responsible for any costs incurred by the City due to construction, installation, maintenance and operation of its plant within the City streets in accordance with the City’s usual permitting process.
Background Information
https://www.toronto.ca/legdocs/mmis/2008/pw/bgrd/backgroundfile-13898.pdf