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←Executive Committee · 2019-03-21 · 2019.EX3.8

The filed record

Renewing the City's Commitment to Toronto Global

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The decision

2019-03-27 · Toronto City Council · amended

As filed

City Council on March 27 and 28, 2019, adopted the following: 1. City Council approve the City of Toronto's participation in Toronto Global for the period beginning April 1, 2019 and ending March 31, 2024 subject to the execution of a five-year funding agreement with Toronto Global (the "Funding Agreement") subject to the following: a. partner municipalities and regions also enter into the five-year Funding Agreement with Toronto Global; b.

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the City's contribution amount in 2019 be $890,412, with annual increases of 2 percent beginning in 2020, but only if the same proportional increases are agreed to by the partner municipalities as part of the Funding Agreement; c. the Province of Ontario and the Government of Canada committing to enter into funding agreements with Toronto Global for five years; d. the Funding Agreement is to include the requirement for Toronto Global to develop a five-year strategic plan within six months of signing the agreement that is to the satisfaction of the General Manager, Economic Development and Culture; e. that the Funding Agreement and/or by-laws of Toronto Global, as appropriate and to the satisfaction of the City Manager and the City Solicitor, require: 1. public meetings of the Board of Directors and its committees; 2. public annual reporting on key performance indicators and the expenditures of directors, officers and other senior staff related to business travel, conferences and training, hospitality and protocol; and 3. a right of access to information in accordance with the principles outlined in Section 1 of the Municipal Freedom of Information and Protection of Privacy Act; f. City Council approve annual funding as part of the annual budget approval process; and g. the Funding Agreement includes an exit clause with reasonable notice to all partners. 2. City Council authorize the General Manager, Economic Development and Culture to negotiate and execute the Funding Agreement with Toronto Global in accordance with terms outlined in Part 1 above and in a form satisfactory to the City Manager, the City Solicitor and the Chief Financial Officer and Treasurer. 3. City Council direct that Confidential Attachment 1 to the supplementary report (March 27, 2019) from the General Manager, Economic Development and Culture remain confidential in its entirety as it pertains to personal matters about an identifiable individual. Confidential Attachment 1 to the supplementary report (March 27, 2019) from the General Manager, Economic Development and Culture remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it pertains to personal matters about an identifiable person.

The vote

Adopt Item as Amended · Carried, 18-4

For (18)Brad Bradford, Cynthia Lai, Denzil Minnan-Wong, Frances Nunziata, Gary Crawford, James Pasternak, Jaye Robinson, Joe Cressy, John Tory, Josh Matlow, Kristyn Wong-Tam, Mark Grimes, Michael Ford, Michael Thompson, Mike Layton, Paul Ainslie, Shelley Carroll, Stephen Holyday
Against (4)Anthony Perruzza, Gord Perks, Mike Colle, Paula Fletcher
Absent (4)Ana Bailão, Jennifer McKelvie, Jim Karygiannis, John Filion
The whole record, all 26 members

Every name opens that member’s record.

On the agenda

As the city filed it

Toronto Global is a pan-regional foreign direct investment attraction organization that represents Halton, Mississauga, Brampton, Toronto, York and Durham (collectively the "Toronto Region"). All regions provide annual funding based proportionally by population along with provincial and federal government support. Toronto Global seeks a new five-year commitment with municipal partners as well as with the provincial and federal governments.

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Staff recommend renewing the City's commitment to Toronto Global if the provincial and federal governments also commit. In the last three years, Toronto Global has made significant progress. With over 1,700 active opportunities in the sales funnel, it is in the best interest of all partners to continue the momentum of Toronto Global and commit to a multi-year agreement.

Staff recommended

The General Manager, Economic Development and Culture recommends that: 1. City Council approve the City of Toronto's participation in Toronto Global for the period beginning April 1, 2019 and ending March 31, 2024 subject to the execution of a five year funding agreement with Toronto Global (the "Funding Agreement") subject to the following: a. partner municipalities and regions also enter into the five-year Funding Agreement with Toronto Global; b.

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the City's contribution amount in 2019 be $890,412, with annual increases of 2 percent beginning in 2020, but only if the same proportional increases are agreed to by the partner municipalities as part of the Funding Agreement; c. the Province of Ontario and the Government of Canada committing to enter into funding agreements with Toronto Global for five years; d. the Funding Agreement is to include the requirement for Toronto Global to develop a five-year strategic plan within six months of signing the agreement that is to the satisfaction of the General Manager, Economic Development and Culture; e. that the Funding Agreement and/or by-laws of Toronto Global, as appropriate and to the satisfaction of the City Manager and the City Solicitor, require: 1. public meetings of the Board of Directors and its committees; 2. public annual reporting on key performance indicators and the expenditures of directors, officers and other senior staff related to business travel, conferences and training, hospitality and protocol; and 3. a right of access to information in accordance with the principles outlined in section 1 of the Municipal Freedom of Information and Protection of Privacy Act. f. City Council approve annual funding as part of the annual budget approval process; and g. the Funding Agreement includes an exit clause with reasonable notice to all partners. 2. City Council authorize the General Manager, Economic Development and Culture to negotiate and execute the Funding Agreement with Toronto Global in accordance with terms outlined in Recommendation 1 and in a form satisfactory to the City Manager, the City Solicitor and the Chief Financial Officer and Treasurer.

Considered

  • 2019-03-21 · Executive Committee · adopted

    Decision as filed

    The Executive Committee recommends that: 1. City Council approve the City of Toronto's participation in Toronto Global for the period beginning April 1, 2019 and ending March 31, 2024 subject to the execution of a five year funding agreement with Toronto Global (the "Funding Agreement") subject to the following: a. partner municipalities and regions also enter into the five-year Funding Agreement with Toronto Global; b.

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    the City's contribution amount in 2019 be $890,412, with annual increases of 2 percent beginning in 2020, but only if the same proportional increases are agreed to by the partner municipalities as part of the Funding Agreement; c. the Province of Ontario and the Government of Canada committing to enter into funding agreements with Toronto Global for five years; d. the Funding Agreement is to include the requirement for Toronto Global to develop a five-year strategic plan within six months of signing the agreement that is to the satisfaction of the General Manager, Economic Development and Culture; e. that the Funding Agreement and/or by-laws of Toronto Global, as appropriate and to the satisfaction of the City Manager and the City Solicitor, require: 1. public meetings of the Board of Directors and its committees; 2. public annual reporting on key performance indicators and the expenditures of directors, officers and other senior staff related to business travel, conferences and training, hospitality and protocol; and 3. a right of access to information in accordance with the principles outlined in section 1 of the Municipal Freedom of Information and Protection of Privacy Act; f. City Council approve annual funding as part of the annual budget approval process; and g. the Funding Agreement includes an exit clause with reasonable notice to all partners. 2. City Council authorize the General Manager, Economic Development and Culture to negotiate and execute the Funding Agreement with Toronto Global in accordance with terms outlined in Recommendation 1 above and in a form satisfactory to the City Manager, the City Solicitor and the Chief Financial Officer and Treasurer.

  • 2019-03-27 · Toronto City Council · amended

On the record

The item as the City filed it

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