Item - 2020.EC12.8

The Economic and Community Development Committee recommends that:

1.  City Council adopt and certify the 2020 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas:

This report brings forward Business Improvement Area (BIA) annual Operating Budgets for approval by City Council as required by the City of Toronto Act, 2006. City Council approval is required to permit the City to collect funds through a special tax levy on the commercial and industrial properties within the respective BIA boundaries.

There are currently 83 established BIAs in the City of Toronto. The approval by City Council of the 2020 Operating Budgets for 83 BIAs takes multiple phases. City Council previously approved the 2020 Operating Budgets for 55 BIAs through Reports 1 and 2 at its meetings on December 17-18, 2019 and January 29, 2020, respectively. One BIA, Historic Queen East, is inactive. Included in this Report 3 is the 2020 Operating Budgets for 24 BIAs for City Council approval.

Three BIAs remain outstanding subject to the BIAs' Board of Management and General Membership decisions. City staff will bring forward a final report at the next opportunity to conclude the approval of the 2020 Operating Budgets for the BIAs.

The recommendation in this report reflects the Board-adopted 2020 Operating Budgets by the respective BIAs' Boards of Management and General Membership. Complete budgets and supporting documentation have been reviewed by City staff to ensure that the 2020 Operating Budgets for BIAs reflect Council's approved policies and practices.