Item - 2019.RA8.4

Tracking Status

This item was considered by CreateTO on September 24, 2019 and was adopted without amendment.
See also EX13.2

RA8.4 - CreateTO 2020 Budget Request

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Confidential Attachment - Personal matters about identifiable persons and labour relations

Board Decision

The Board of Directors of CreateTO:

1. Recommends that City Council approve CreateTO's 2020 Budget request of $14.41 million gross, and $0 net.

2. Directed that the confidential information contained in Confidential Attachment 1 (September 10, 2019) to the report from the Chief Executive Officer, CreateTO remain confidential in its entirety, as it deals with personal matters about identifiable persons and labour relations.

Origin

(September 10, 2019) Report from the Chief Executive Officer, CreateTO

Summary

In 2020 CreateTO will continue to identify, evaluate and provide strategic real estate solutions to meet the needs of the City of Toronto. CreateTO continues to deliver on its mandate of City Building by delivering value through affordable housing (Housing Now Program), revitalizing neighbourhoods (Danforth Garage, Etobicoke Civic centre, Fort York Bridge), optimizing real estate through a City wide portfolio strategy, and providing real estate solutions to City agencies and divisions to support program needs.

The 2020 budget requests the addition of four Full Time Employees (FTE), two development leads and two financial analysts. These roles will help create additional capacity to advise on and deliver City priorities.

Background Information

(September 10, 2019) Report from the Chief Executive Officer, CreateTO on CreateTO 2020 Budget Request
https://www.toronto.ca/legdocs/mmis/2019/ra/bgrd/backgroundfile-137411.pdf
Confidential Attachment 1 - Human Resources Assumptions

Motions

Motion to Adopt Item moved by Sandra Levy (Carried)