Item - 2022.CT31.8

The Board of Directors of TO Live:

1.  Directed that Confidential Attachments 1 and 2 to the report (February 28, 2022) from the President and Chief Executive Officer, TO Live remain confidential in their entirety because they contain financial information supplied in confidence to the Board of Directors of TO Live which, if disclosed, could reasonably be expected to significantly prejudice the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

The purpose of this report is to update the Board on capital spending activity for fiscal 2021 as well as the potential 2022 Capital Budget reduction of $300 million in debt funding that would be proportionately allocated across all City Divisions and Agencies should the City be required to use the capital backstop to address the financial impacts arising from the pandemic.

Summary from the report (February 28, 2022) from the President and Chief Executive Officer, TO Live:

The purpose of this report is to update the Board on capital spending activity for fiscal 2021 as well as the potential 2022 Capital Budget reduction of $300 million in debt funding that would be proportionately allocated across all City Divisions and Agencies should the City be required to use the capital backstop to address the financial impacts arising from the pandemic.