Item - 2019.EX7.27
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 BU7.8
EX7.27 - Transportation Services 2019 Capital Budget and 2019-2028 Adjustments
- 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 amend the Transportation Services' Approved 2019 Capital Budget by reallocating funding of $1 million between projects, as presented in Attachment 1 to the report (June 19, 2019) from the General Manager, Transportation Services, with a zero Budget impact.
2. City Council amend the 2019-2028 Approved Capital Budget and Plan for Transportation Services by creating a new Future of King Street project with total project costs of $1.5 million gross and $0 debt, with committed cash flows of $1 million in 2019 and $0.5 million in 2020, fully funded by the Public Realm Reserve Fund.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-135013.pdf
EX7.27 - Transportation Services 2019 Capital Budget and 2019-2028 Adjustments
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council amend the Transportation Services' approved 2019 Capital Budget by reallocating funding of $1 million between projects, as presented in Attachment 1 to the report (June 19, 2019) from the General Manager, Transportation Services, with a zero budget impact.
2. City Council amend the 2019-2028 approved Capital Budget and Plan for Transportation Services by creating a new Future of King Street project with total project costs of $1.5 million gross and $0 debt, with committed cash flows of $1 million in 2019 and $0.5 million in 2020, fully funded by the Public Realm Reserve Fund.
Origin
Summary
This report requests City Council's authority to amend Transportation Services' approved 2019 Capital Budget and 2019-2028 Capital Plan by reallocating cash flows within the 2019 Budget.
In addition, the report requests authority to amend Transportation Services' 2019 Capital Budget and 2019-2028 Plan by creating a new Future of King Street capital project with 2019 total project costs of $1.5 million gross and $0 debt with cash flows of $1 million in 2019 and $0.5 million in 2020, fully funded from the Public Realm Reserve Account.
These adjustments will align program requirements and project delivery schedules resulting in improved spending rates.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-135013.pdf