Item - 2022.MM47.30
Tracking Status
- City Council adopted this item on July 19, 20, 21 and 22, 2022 without amendments.
MM47.30 - Toronto Global Forum - Authority for Funding Agreement - by Councillor Michael Thompson, seconded by Mayor John Tory
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on July 19, 20, 21 and 22, 2022, adopted the following:
1. City Council authorize the General Manager, Economic Development and Culture to contribute and transfer to the Toronto Global Forum a total of up to $200,000 in 2022 for costs associated with Toronto's sponsorship of the 2022 edition of the Toronto Global Forum, with funding to come from within Economic Development and Culture's existing 2022 Operating Budget for international trade development and innovation.
2. City Council authorize the General Manager, Economic Development and Culture to negotiate, enter into and execute on behalf of the City a funding agreement with the Toronto Global Forum for a one-year term in 2022 with a contribution amount of up to $200,000, on such terms deemed necessary and appropriate and in a form satisfactory to the City Solicitor.
3. City Council request the General Manager, Economic Development and Culture to report back in 2023 on the feasibility, costs and benefits of a multi-year City sponsorship and funding agreement with the Toronto Global Forum.
Background Information (City Council)
Motions (City Council)
Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, require that Motion MM47.30 be referred to the Economic and Community Development Committee. A two-thirds vote of the Council Members present is required to waive referral.
Vote (Adopt Item) Jul-20-2022 2:37 PM
| Result: Carried | Majority Required - MM47.30 - adopt the item |
|---|---|
| Total members that voted Yes: 20 | Members that voted Yes are Paul Ainslie, Ana Bailão, Brad Bradford, Robin Buxton Potts, Shelley Carroll, Mike Colle, Gary Crawford, John Filion, Mark Grimes, Stephen Holyday, Cynthia Lai, Josh Matlow, Jennifer McKelvie, Joe Mihevc, Denzil Minnan-Wong, Frances Nunziata (Chair), James Pasternak, Anthony Perruzza, Michael Thompson, John Tory |
| Total members that voted No: 1 | Members that voted No are Gord Perks |
| Total members that were Absent: 4 | Members that were absent are Paula Fletcher, Mike Layton, Nick Mantas, Jaye Robinson |