Item - 2024.CT12.6
Tracking Status
- This item was considered by TO Live on November 25, 2024 and was adopted with amendments.
CT12.6 - New 10-Year Capital Plan and Budget
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - Financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position, or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization
Board Decision
That the Board of Directors of TO Live:
1. Approved TO Live's updated 10-Year Capital Plan and Budget, as detailed in Confidential Attachment 1 to the report (November 21, 2024) from the President and Chief Executive Officer, TO Live.
2. Upon City Council approval of TO Live's updated 10-year capital plan and budget, approved all 2025 projects, including those with multi-year components listed in Confidential Attachment 1 to the report (November 21, 2024) from the President and Chief Executive Officer, TO Live, and all related purchase orders and/or tender awards over $100,000 up to each individual project budget, adjusted budget or new project budget, not to exceed the available State of Good Repair (SOGR) Council approved funding.
3. Directed the President and Chief Executive Officer, TO Live to report back on how any additional non-City funds shall be directed towards fulfilling outcomes identified in the community consultations on St. Lawrence Centre for the Arts Redevelopment Project at a special meeting to be called by the Chair as soon as possible.
4. Directed that Confidential Attachments 1, 2 and 3 to the report (November 8, 2024) from the President and Chief Executive Officer, TO Live remain confidential in their entirety because, if disclosed, could reasonably be expected to prejudice significantly the competitive position, or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
5. Directed that Confidential Attachment 1 to the report (November 21, 2024) from the President and Chief Executive Officer, TO Live remain confidential in its entirety because, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Decision Advice and Other Information
The Board of Directors of TO Live recessed its public meeting to meet in closed session to consider the item as it pertains to financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position, or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Origin
Summary
The purpose of this report is to seek Board project and spending approval for a new 10-year capital plan and budget.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/ct/bgrd/backgroundfile-250463.pdf
Confidential Attachment 1 - TO Live's 2025-2034 Capital Budget and Plan
Confidential Attachment 2 - St. Lawrence Centre for the Arts Building Condition Assessment and Accessibility Audit
Confidential Attachment 3 - Net Zero Transition Program for St. Lawrence Centre for the Arts
Motions
That the Board of Directors of TO Live:
1. Delete Recommendations 1 and 2 and adopt instead Recommendations 1 and 2 from the report (November 21, 2024) from the President and Chief Executive Officer, TO Live in Item CT12.6a, as follows:
1. Approve TO Live's updated 10-Year Capital Plan and Budget, as detailed in Confidential Attachment 1.
2. Upon City Council approval of TO Live's updated 10-year capital plan and budget, approve all 2025 projects, including those with multi-year components listed in Confidential Attachment 1, and all related purchase orders and/or tender awards over $100,000 up to each individual project budget, adjusted budget or new project budget, not to exceed the available State of Good Repair (SOGR) Council approved funding.
That the Board of Directors of TO Live:
1. Adopt Recommendation 3 from the report (November 21, 2024) from the President and Chief Executive Officer, TO Live in Item CT12.6a, as follows:
3. Direct that Confidential Attachment 1 remain confidential in its entirety because, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
That the Board of Directors of TO Live:
1. Direct the President and Chief Executive Officer, TO Live to report back on how any additional non-City funds shall be directed towards fulfilling outcomes identified in the community consultations on St. Lawrence Centre for the Arts Redevelopment Project at a special meeting to be called by the Chair as soon as possible.
6a - New 10-Year Capital Plan and Budget - Supplementary Report
Confidential Attachment - Financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization
Origin
Summary
The purpose of this report is to seek Board project and spending approval for a new 10-year capital plan and budget. This supplementary report includes an updated cash flow reflecting discussions with the City's Financial Planning Division and Corporate Real Estate Management.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/ct/bgrd/backgroundfile-250943.pdf
Confidential Attachment 1 - TO Live 2025-2034 Capital Plan and Budget - Updated