Item - 2022.EC28.4
Tracking Status
- City Council adopted this item on April 6 and 7, 2022 with amendments.
- This item was considered by the Economic and Community Development Committee on March 24, 2022 and adopted without amendment. It will be considered by City Council on April 6 and 7, 2022.
- See also By-law 266-2022
EC28.4 - Bloor Street Business Improvement Area - Dissolution of Board of Management and Repeal of Designating By-law
- Decision Type:
- ACTION
- Status:
- Amended
- Ward:
- 11 - University - Rosedale
City Council Decision
City Council on April 6 and 7, 2022 adopted the following:
1. City Council dissolve the Bloor Street Business Improvement Area Board of Management and repeal By-law 69-2007 which established the Board of Management.
2. City Council repeal By-law 519-2006 which designated the Bloor Street Business Improvement Area as defined by the boundaries described in Attachment 1 to the report (March 10, 2022) from the Interim General Manager, Economic Development and Culture.
3. City Council amend Municipal Code Chapter 19, Business Improvement Areas to delete all references to the Bloor Street Business Improvement Area.
4. City Council authorize the City Solicitor to prepare the by-laws necessary to dissolve the Bloor Street Business Improvement Area Board of Management, repeal the by-laws noted in Parts 1 and 2 above and make the necessary amendments to Municipal Code Chapter 19.
5. City Council authorize the transfer of all Bloor Street Business Improvement Area assets and liabilities to the Bloor-Yorkville Business Improvement Area.
6. City Council direct the General Manager, Economic Development and Culture to negotiate and sign on behalf of the City, an agreement with Bloor-Yorkville Business Improvement Area, to manage the Bloor Street Business Improvement Area's residual funds to cover the costs of the preparation of their 2021 audit, any assessment appeal overruns and any other financial liability of the Business Improvement Area.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2022/ec/bgrd/backgroundfile-222794.pdf
Motions (City Council)
That:
1. City Council amend Economic and Community Development Committee Recommendation 2 by deleting "4519-2006" and replacing it with "519-2006", so that it now reads as follows:
2. City Council repeal By-law 519-2006, which designated the Bloor Street Business Improvement Area as defined by the boundaries described in Attachment 1 to the report (March 10, 2022) from the Interim General Manager, Economic Development and Culture.
EC28.4 - Bloor Street Business Improvement Area - Dissolution of Board of Management and Repeal of Designating By-law
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 11 - University - Rosedale
Committee Recommendations
The Economic and Community Development Committee recommends that:
1. City Council dissolve the Bloor Street Business Improvement Area Board of Management, and repeal By-law 69-2007, which established the Board of Management.
2. City Council repeal By-law 4519-2006, which designated the Bloor Street Business Improvement Area as defined by the boundaries described in Attachment 1 to the report (March 10, 2022) from the Interim General Manager, Economic Development and Culture.
3. City Council amend Municipal Code Chapter 19, Business Improvement Areas to delete all references to the Bloor Street Business Improvement Area.
4. City Council authorize the City Solicitor to prepare the by-laws necessary to dissolve the Bloor Street Business Improvement Area Board of Management; repeal the by-laws noted above and make the necessary amendments to Municipal Code Chapter 19.
5. City Council authorize the transfer of all Bloor Street Business Improvement Area assets and liabilities to the Bloor-Yorkville Business Improvement Area.
6. City Council direct the General Manager of Economic Development and Culture to negotiate and sign on behalf of the City, an agreement with Bloor-Yorkville Business Improvement Area to manage the Bloor Street Business Improvement Area's residual funds to cover the costs of the preparation of their 2021 audit, any assessment appeal overruns and any other financial liability of the Business Improvement Area.
Origin
Summary
The purpose of this report is to recommend the dissolution of the Bloor Street Business Improvement Area Board of Management and the repeal of the By-laws 519-2006 and 69-2007, which established the Bloor Street Business Improvement Area and the Board of Management, respectively. The report also recommends that City Council direct the City to enter into an agreement with Bloor-Yorkville Business Improvement Area authorizing the use of the Bloor Street Business Improvement Area residual funds for completion of the 2021 audit, potential appeal provision deficit and to cover outstanding Business Improvement Area financial liabilities, if any.
Background Information
https://www.toronto.ca/legdocs/mmis/2022/ec/bgrd/backgroundfile-222794.pdf