Item - 2018.PE29.3

Tracking Status

  • City Council adopted this item on July 23, 2018 without amendments.
  • This item was considered by Parks and Environment Committee on July 12, 2018 and was adopted with amendments. It will be considered by City Council on July 23, 2018.

PE29.3 - Sustainable Energy Plan Financing Program Enhancement

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 expansion of the Sustainable Energy Plan Financing program eligibility to include building owners in the academic, social, health care, industrial, and commercial sectors, including privately-owned buildings and condominium buildings (not individual residential units) located within the City of Toronto in accordance with the amended program eligibility criteria set out in Attachment 2 to the report (June 27, 2018) from the Deputy City Manager, Internal Corporate Services, financed through recoverable debt, consistent with the existing interest rate policy of an interest rate equivalent to the City's estimated cost of borrowing, including related administrative costs, and for a maximum term of 20 years.

 

2.  City Council express its deep concern with the provincial cuts to programs that reduce greenhouse gases and the withdrawal from national, regional, and international agreements to reduce greenhouse gases.

Background Information (Committee)

(June 27, 2018) Report and Attachments 1 and 2 from the Deputy City Manager, Internal Corporate Services on Sustainable Energy Plan Financing Program Enhancement
https://www.toronto.ca/legdocs/mmis/2018/pe/bgrd/backgroundfile-117766.pdf

Communications (Committee)

(July 10, 2018) Letter from Mary Pickering, The Atmospheric Fund (PE.New.PE29.03.01)
https://www.toronto.ca/legdocs/mmis/2018/pe/comm/communicationfile-86325.pdf

Motions (City Council)

Motion to Adopt Item (Carried)

Adoption of Parks and Environment Committee Recommendation 2 only:

 

2.  City Council express its deep concern with the provincial cuts to programs that reduce greenhouse gases and the withdrawal from national, regional, and international agreements to reduce greenhouse gases.

Vote (Adopt Item) Jul-23-2018 7:49 PM

Result: Carried Majority Required - PE29.3 - Adoption of Parks and Environment Committee Recommendation 2 only
Total members that voted Yes: 28 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, John Campbell, Josh Colle, Gary Crawford, Joe Cressy, Glenn De Baeremaeker, Frank Di Giorgio, Sarah Doucette, John Filion, Jim Hart, Jim Karygiannis, Norman Kelly, Mike Layton, Josh Matlow, Mary-Margaret McMahon, Miganoush Megardichian, Joe Mihevc, Frances Nunziata (Chair), Gord Perks, Anthony Perruzza, Jaye Robinson, Neethan Shan, Michael Thompson, Lucy Troisi, Jonathan Tsao, Kristyn Wong-Tam
Total members that voted No: 6 Members that voted No are Stephen Holyday, Giorgio Mammoliti, Denzil Minnan-Wong, Cesar Palacio, James Pasternak, David Shiner
Total members that were Absent: 11 Members that were absent are Jon Burnside, Christin Carmichael Greb, Vincent Crisanti, Janet Davis, Justin J. Di Ciano, Paula Fletcher, Michael Ford, Mary Fragedakis, Mark Grimes, Michelle Holland, John Tory

Motion to Adopt Item (Carried)

Adoption of the balance of the Item.

PE29.3 - Sustainable Energy Plan Financing Program Enhancement

Decision Type:
ACTION
Status:
Amended
Wards:
All

Committee Recommendations

The Parks and Environment Committee recommends that:

 

1.  City Council approve the expansion of the Sustainable Energy Plan Financing program eligibility to include building owners in the academic, social, health care, industrial, and commercial sectors, including privately-owned buildings and condominium buildings (not individual residential units) located within the City of Toronto in accordance with the amended program eligibility criteria set out in Attachment 2 to the report (June 27, 2018) from the Deputy City Manager, Internal Corporate Services, financed through recoverable debt, consistent with the existing interest rate policy of an interest rate equivalent to the City's estimated cost of borrowing, including related administrative costs, and for a maximum term of 20 years.

 

2.  City Council express its deep concern with the provincial cuts to programs that reduce greenhouse gases and the withdrawal from national, regional, and international agreements to reduce greenhouse gases.

Origin

(June 27, 2018) Report from the Deputy City Manager, Internal Corporate Services

Summary

This report requests an amendment to the Sustainable Energy Plan Financing program to expand eligibility to include academic, social, health care, industrial, and commercial sectors, including privately-owned buildings and condominium buildings located in the City of Toronto to better align the program with TransformTO directives to reduce greenhouse gas emissions in the City as a whole by 80 percent by 2050. Toronto’s greenhouse gas reduction goal is community-wide, meaning only through action and investment by all segments of society will Toronto see significant reductions in carbon emissions.

Background Information

(June 27, 2018) Report and Attachments 1 and 2 from the Deputy City Manager, Internal Corporate Services on Sustainable Energy Plan Financing Program Enhancement
https://www.toronto.ca/legdocs/mmis/2018/pe/bgrd/backgroundfile-117766.pdf

Communications

(July 10, 2018) Letter from Mary Pickering, The Atmospheric Fund (PE.New.PE29.03.01)
https://www.toronto.ca/legdocs/mmis/2018/pe/comm/communicationfile-86325.pdf

Motions

1 - Motion to Amend Item (Additional) moved by Councillor Mike Layton (Carried)

That City Council express its deep concern with the provincial cuts to programs that reduce greenhouse gases and the withdrawal from national, regional, and international agreements to reduce greenhouse gases.


2 - Motion to Adopt Item as Amended (Carried)
Source: Toronto City Clerk at www.toronto.ca/council