Item - 2019.CT4.16
Tracking Status
- This item was considered by Board of Directors of TO Live on June 13, 2019 and was adopted without amendment.
CT4.16 - Reallocation of State of Good Repair Capital Funding
- Decision Type:
- ACTION
- Status:
- Adopted
Board Decision
The Board of Directors of TO Live:
1. Approved the increased budget and all related purchase orders and/or tender awards by $1,133,000 for the capital project "Replace Roofs: Mezzanine/Stage Tower" (CHU008-03) from $469,247 to $1,602,247 pending the implementation of Recommendation 3 below.
2. Approved the increased funding of $1,133,000 for the capital project "Replace Roofs: Mezzanine/Stage Tower" (CHU008-03) by reducing funding to the Sony Door Replacement project (CHU008-05) by $1,133,000 pending the implementation of Part 3 below.
3. Directed the President and Chief Executive Officer, TO Live to work with City staff to submit the reallocation request for approval at the June 18, 2019 City Council meeting.
Origin
Summary
The purpose of this report is to seek the Board's approval to increase the budget for one previously scheduled capital project. Funding for this project will come from the reallocation of a previously approved stage of good repair project.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-134529.pdf
(June 4, 2019) Report from the President and Chief Executive Officer on Reallocation of State of Good Repair Capital Funding
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-134530.pdf