Item - 2018.EX36.24
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.
EX36.24 - Toronto Public Library - Dawes Road Branch Project Cost and Cash Flow Adjustments to the 2018 Capital Budget and 2019-2027 Capital Plan
- 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 approve the allocation of the one-time savings of $0.400 million annually in each of the years 2021, 2022 and 2023 arising from the temporary branch closures to fund the increase in the total project costs identified in Part 2 below.
2. City Council approve the following adjustments to Toronto Public Library's 2018-2027 Capital Budget and Plan with no net impact on annual debt levels:
a. increase the cost of the Dawes Road branch project by $10.361 million gross, from $13.263 million to $23.624 million, funded by $6.247 million from the development charges reserve fund (XR2115), $5.000 million of partner funding, $1.200 million operating savings from branch closure, offset by a reduction in debt of $2.086 million; and that the project have revised cash flow of $3.336 million in 2018 and future commitments of $0.322 million in 2019; $2.208 million in 2020; $6.867 million in 2021; $5.786 million in 2022; and $3.658 million in 2023; and
b. increase the total cost of the Multi-Branch State of Good Repair program by $2.086 million, funded by debt; and that the project have revised future commitments of $4.655 million in 2021 and $6.497 million in 2022.
3. City Council authorize Real Estate Services to negotiate the acquisition of the property municipally known as 82 Chapman Avenue (the "Property") from its current owner for the consideration outlined in Confidential Attachment 1 to the report (July 6, 2018) from the City Librarian, and on such other terms and conditions as determined by the Director, Real Estate Services in consultation with the City Librarian, and in a form acceptable to the City Solicitor.
4. City Council direct that approval of the project cost increase of the Dawes Road Branch be conditional upon receipt of the $5.0 million in partner funding and that the scope of the project be reduced accordingly should these funds not be available prior to entering into contracts to deliver the project.
5. City Council authorize the public release of Confidential Attachment 1 to the report (July 6, 2018) from the City Librarian following the closing of any purchase transaction.
Confidential Attachment 1 to the report (July 6, 2018) from the City Librarian remains confidential at this time in accordance with the provisions of the City of Toronto Act, 2006, as it concerns a proposal on pending acquisition of land by the City of Toronto's Real Estate Division on behalf of the Toronto Public Library Board. Confidential Attachment 1 to the report (July 6, 2018) from the City Librarian will be made public following the closing of any purchase transaction.
Confidential Attachment - A proposed or pending acquisition of land by the City of Toronto’s Real Estate Services Division on behalf of the Toronto Public Library Board
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118269.pdf
Appendix A - Toronto Public Library Board report 2018-2027 Capital Budget and Plan Adjustment for Dawes Road Library Project
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118270.pdf
Appendix B - Board Minutes No. 18-114 and 18-115
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118271.pdf
Confidential Attachment 1 - 2018-2027 Capital Budget and Plan Adjustment for Dawes Road Library Project
Motions (City Council)
Vote (Adopt Item) Jul-23-2018 6:55 PM
| Result: Carried | Majority Required - EX36.24 - Adopt the item |
|---|---|
| Total members that voted Yes: 34 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bailão, John Campbell, Josh Colle, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Frank Di Giorgio, Sarah Doucette, Mark Grimes, Jim Hart, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Josh Matlow, Mary-Margaret McMahon, Miganoush Megardichian, Joe Mihevc, Denzil Minnan-Wong, Frances Nunziata (Chair), Cesar Palacio, Gord Perks, Anthony Perruzza, Jaye Robinson, Neethan Shan, David Shiner, Michael Thompson, Lucy Troisi, Jonathan Tsao, Kristyn Wong-Tam |
| Total members that voted No: 1 | Members that voted No are Giorgio Mammoliti |
| Total members that were Absent: 10 | Members that were absent are Jon Burnside, Christin Carmichael Greb, Justin J. Di Ciano, John Filion, Paula Fletcher, Michael Ford, Mary Fragedakis, Michelle Holland, James Pasternak, John Tory |
Declared Interests (City Council)
Councillor James Pasternak - as his wife, although on leave, is technically an employee of the Toronto Public Library.
EX36.24 - Toronto Public Library - Dawes Road Branch Project Cost and Cash Flow Adjustments to the 2018 Capital Budget and 2019-2027 Capital Plan
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - A proposed or pending acquisition of land by the City of Toronto’s Real Estate Services Division on behalf of the Toronto Public Library Board
Committee Recommendations
The Executive Committee recommends that:
1. City Council approve the allocation of the one-time savings of $0.400 million annually in each of the years 2021, 2022 and 2023 arising from the temporary branch closures to fund the increase in the total project costs identified in Recommendation 2 below.
2. City Council approve the following adjustments to Toronto Public Library's 2018-2027 Capital Budget and Plan with no net impact on annual debt levels:
a. increase the cost of the Dawes Road branch project by $10.361 million gross, from $13.263 million to $23.624 million, funded by $6.247 million from the development charges reserve fund (XR2115), $5.000 million of partner funding, $1.200 million operating savings from branch closure, offset by a reduction in debt of $2.086 million; and that the project have revised cash flow of $3.336 million in 2018 and future commitments of $0.322 million in 2019; $2.208 million in 2020; $6.867 million in 2021; $5.786 million in 2022; and $3.658 million in 2023; and
b. increase the total cost of the Multi-Branch State of Good Repair program by $2.086 million, funded by debt; and that the project have revised future commitments of $4.655 million in 2021 and $6.497 million in 2022.
3. City Council authorize Real Estate Services to negotiate the acquisition of the property municipally known as 82 Chapman Avenue (the "Property") from its current owner for the consideration outlined in Confidential Attachment 1 to the report (July 6, 2018) from the City Librarian, and on such other terms and conditions as determined by the Director, Real Estate Services in consultation with the City Librarian, and in a form acceptable to the City Solicitor.
4. City Council direct that approval of the project cost increase of the Dawes Road Branch be conditional upon receipt of the $5.0 million in partner funding and that the scope of the project be reduced accordingly should these funds not be available prior to entering into contracts to deliver the project.
5. City Council authorize the public release of Confidential Attachment 1 to the report (July 6, 2018) from the City Librarian following the closing of any purchase transaction.
Origin
Summary
The purpose of this report is to provide Executive Committee with Project Cost and Cash Flow Adjustments to the Toronto Public Library's 2018 Capital Budget and 2019-2027 Capital Plan as approved by the Toronto Public Library (TPL) Board at its meeting on June 18, 2018.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118269.pdf
Appendix A - Toronto Public Library Board report 2018-2027 Capital Budget and Plan Adjustment for Dawes Road Library Project
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118270.pdf
Appendix B - Board Minutes No. 18-114 and 18-115
https://www.toronto.ca/legdocs/mmis/2018/ex/bgrd/backgroundfile-118271.pdf
Confidential Attachment 1 - 2018-2027 Capital Budget and Plan Adjustment for Dawes Road Library Project
Motions
That City Council direct that approval of the project cost increase of the Dawes Road Branch be conditional upon receipt of the $5.0 million in partner funding and that the scope of the project be reduced accordingly should these funds not be available prior to entering into contracts to deliver the project.
Declared Interests
Councillor James Pasternak - as his spouse, while on leave, remains an employee of the Toronto Public Library.