Item - 2024.ZB12.5

The Board of Management of the Toronto Zoo:

1. Approved the 2025-2034 Capital Budget as shown in Attachment 1 to the report (September 12, 2024) from the Director, Finance, Technology and Innovation, Toronto Zoo.

2. Authorized the Director, Finance, Technology and Innovation to withdraw up to $13.3 million in unrestricted donation funding held by the Toronto Foundation on behalf of the Board for the purposes of funding the 2025-2034 capital budget.

3. Approved an increase in total construction costs to be tendered under the construction management contract for the Community Conservation Centre (Welcome Area) from $57.4 million up to $61.0 million in accordance with the approved 2024-2033 capital budget.

4. Authorized the Director, Facilities & Infrastructure or their designate to negotiate and enter into any necessary amendments to the construction management contract for the Community Conservation Centre (Welcome Area) as a result of the adoption of Recommendation 3, on terms acceptable to the Director, Facilities & Infrastructure and in a form satisfactory to the City Solicitor.

This report submits the Toronto Zoo 2025-2034 Capital Budget of the Toronto Zoo for approval. The Policy & Finance Committee reviewed the 2025-2034 Capital Budget on 2024-09-12 and recommended it for approval by the Board.