Business Improvement Areas - 2020 Operating Budgets - Report 2

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The decision

2020-01-29 · Toronto City Council · adopted

As filed

City Council on January 29, 2020, adopted the following: 1. City Council adopt and certify the 2020 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2020 Operating Budget ($) 2020 Levy Funds Required ($) Bayview Leaside 263,786 193,951 Bloor Street 2,663,872 1,650,000 Bloorcourt Village 270,469 203,490 Bloordale Village 230,310 142,816 Bloor-Yorkville

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7,404,591 3,728,629 Cabbagetown 423,736 306,310 College Promenade 250,709 234,252 Corso Italia 255,228 220,228 Crossroads of the Danforth 255,931 215,281 Danforth Mosaic 750,643 365,883 Downtown Yonge 3,998,801 2,995,326 DuKe Heights 3,870,485 3,483,899 Harbord Street 53,900 35,298 Hillcrest Village 152,378 132,524 Junction Gardens 452,520 340,674 Kennedy Road 282,599 256,136 Lakeshore Village 157,607 109,891 Leslieville 199,569 139,570 Little Portugal on Dundas 597,465 326,929 Mimico by the Lake 63,504 54,836 St. Clair Gardens 115,195 93,331 St. Lawrence Market Neighbourhood 1,611,840 1,438,421 The Waterfront 1,720,039 1,289,413 Toronto Entertainment District 3,408,813 3,085,761 Trinity Bellwoods 87,124 57,574 Village of Islington 216,678 158,170 Wexford Heights 437,574 242,331 Yonge Lawrence Village 264,595 209,847 York-Eglinton 348,569 237,536 Total 30,808,531 21,948,307

On the agenda

As the city filed it

This report brings forward Business Improvement Area (BIA) annual Operating Budgets for approval by City Council as required by the City of Toronto Act, 2006. City Council approval is required to permit the City to collect funds through a special tax levy on the commercial and industrial properties within the respective BIA boundaries. There are currently 83 established BIAs in the City of Toronto. The approval by City Council of the 2020 Operating Budget for 83 BIAs takes multiple phases.

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At its meeting on December 17-18, 2019, City Council approved the 2020 Operating Budget for 26 BIAs as part of the Report No. 1. Included in this Report No. 2 is the 2020 Operating Budgets for 29 BIAs for City Council approval. The recommendation in this report reflects the board-adopted 2020 Operating Budgets by the respective BIAs' Boards of Management and General Membership. Complete budgets and supporting documentation have been reviewed by City staff to ensure that the 2020 Operating Budgets for BIAs reflect Council's approved policies and practices.

Staff recommended

The Chief Financial Officer and Treasurer recommends that: 1. The Economic and Community Development Committee adopt and certify to City Council the 2020 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2020 Operating Budget ($) 2020 Levy Funds Required ($) Bayview Leaside 263,786 193,951 Bloor Street 2,663,872 1,650,000 Bloorcourt Village 270,469

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203,490 Bloordale Village 230,310 142,816 Bloor-Yorkville 7,404,591 3,728,629 Cabbagetown 423,736 306,310 College Promenade 250,709 234,252 Corso Italia 255,228 220,228 Crossroads of the Danforth 255,931 215,281 Danforth Mosaic 750,643 365,883 Downtown Yonge 3,998,801 2,995,326 DuKe Heights 3,870,485 3,483,899 Harbord Street 53,900 35,298 Hillcrest Village 152,378 132,524 Junction Gardens 452,520 340,674 Kennedy Road 282,599 256,136 Lakeshore Village 157,607 109,891 Leslieville 199,569 139,570 Little Portugal on Dundas 597,465 326,929 Mimico by the Lake 63,504 54,836 St. Clair Gardens 115,195 93,331 St. Lawrence Market Neighbourhood 1,611,840 1,438,421 The Waterfront 1,720,039 1,289,413 Toronto Entertainment District 3,408,813 3,085,761 Trinity Bellwoods 87,124 57,574 Village of Islington 216,678 158,170 Wexford Heights 437,574 242,331 Yonge Lawrence Village 264,595 209,847 York-Eglinton 348,569 237,536 Total 30,808,531 21,948,307

Considered

2020-01-14 · Economic and Community Development Committee · adopted
Decision as filed
The Economic and Community Development Committee recommends that: 1. City Council adopt and certify the 2020 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2020 Operating Budget ($) 2020 Levy Funds Required ($) Bayview Leaside 263,786 193,951 Bloor Street 2,663,872 1,650,000 Bloorcourt Village 270,469 203,490 Bloordale Village 230,310 142,816
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Bloor-Yorkville 7,404,591 3,728,629 Cabbagetown 423,736 306,310 College Promenade 250,709 234,252 Corso Italia 255,228 220,228 Crossroads of the Danforth 255,931 215,281 Danforth Mosaic 750,643 365,883 Downtown Yonge 3,998,801 2,995,326 DuKe Heights 3,870,485 3,483,899 Harbord Street 53,900 35,298 Hillcrest Village 152,378 132,524 Junction Gardens 452,520 340,674 Kennedy Road 282,599 256,136 Lakeshore Village 157,607 109,891 Leslieville 199,569 139,570 Little Portugal on Dundas 597,465 326,929 Mimico by the Lake 63,504 54,836 St. Clair Gardens 115,195 93,331 St. Lawrence Market Neighbourhood 1,611,840 1,438,421 The Waterfront 1,720,039 1,289,413 Toronto Entertainment District 3,408,813 3,085,761 Trinity Bellwoods 87,124 57,574 Village of Islington 216,678 158,170 Wexford Heights 437,574 242,331 Yonge Lawrence Village 264,595 209,847 York-Eglinton 348,569 237,536 Total 30,808,531 21,948,307
2020-01-29 · Toronto City Council · adopted

On the record

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