Item - 2019.EX7.25
Tracking Status
- City Council adopted this item on July 16, 17 and 18, 2019 without amendments and without debate.
- This item was considered by the Executive Committee on July 4, 2019 and adopted without amendment. It will be considered by City Council on July 16, 17 and 18, 2019.
- See also BU7.9
EX7.25 - Toronto Public Library - 2019 Capital Budget and 2020-2028 Capital Plan Accelerations/Deferrals (Second Quarter)
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on July 16, 17 and 18, 2019, adopted the following:
1. City Council authorize the acceleration and deferral of cash flows within the projects in Toronto Public Library's Approved 2019 Capital Budget and future year commitments in the amount of $1.078 million, as included in Attachment 1 to the report (June 17, 2019) from the City Librarian, with zero gross and debt budget impact.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-134825.pdf
Attachment 1 - Accelerations/Deferrals - Toronto Public Library 2019 Capital Budget and 2020-2028 Capital Plan Adjustments
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-134826.pdf
EX7.25 - Toronto Public Library - 2019 Capital Budget and 2020-2028 Capital Plan Accelerations/Deferrals (Second Quarter)
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council authorize the acceleration and deferral of cash flows within the projects in Toronto Public Library's 2019 Council Approved Capital Budget and future year commitments in the amount of $1.078 million, as included in Attachment 1 to the report (June 17, 2019) from the City Librarian, with zero gross and debt budget impact.
Origin
Summary
This report requests City Council's authority to amend the Toronto Public Library 2019 Council Approved Capital Budget and 2020-2028 Capital Plan by adjusting cash flows contained within the 10-Year Capital Plan, respectively, to align forecasted project accelerations and deferrals. The adjustments will have a zero debt impact on the 2019 Capital Budget and 2020-2028 Capital Plan and will align the 2019 Capital Budget to Toronto Public Library's capital project delivery schedule and program requirements.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-134825.pdf
Attachment 1 - Accelerations/Deferrals - Toronto Public Library 2019 Capital Budget and 2020-2028 Capital Plan Adjustments
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-134826.pdf