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Economic and Community Development Committee · 2020-12-07 · 2020.EC18.11

The filed record

Business Improvement Areas (BIAs) - 2021 Operating Budgets - Report 1

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The decision

2020-12-16 · Toronto City Council · adopted

As filed

City Council on December 16, 17 and 18, 2020, adopted the following: 1. City Council adopt and certify the 2021 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2021 Operating Budget ($) 2021 Levy Funds Required ($) Bloor by the Park 83,707 73,773 Bloor Street 4,175,928 1,650,000 Bloor-Yorkville 4,447,712 3,381,368 Chinatown 619,236 459,161 Church-Wellesley

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Village 331,388 258,391 Dupont by the Castle 258,053 137,841 Financial District 1,929,059 1,450,615 Forest Hill Village 245,095 196,931 GreekTown on the Danforth 1,414,721 424,900 Lawrence Ingram Keele 219,988 189,988 Leslieville 215,607 139,569 Liberty Village 430,003 387,023 Little Italy 591,615 383,519 Pape Village 141,352 98,005 Parkdale Village 276,707 232,907 Riverside District 305,066 200,240 Roncesvalles Village 506,434 323,910 St. Lawrence Market Neighbourhood 1,634,214 1,281,023 The Eglinton Way 427,589 290,037 Toronto Entertainment District 3,413,149 3,085,761 Trinity Bellwoods 86,679 57,573 Village of Islington 224,532 147,453 Yonge + St. Clair 730,817 541,710 Total 22,708,651 15,391,698

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 84 established BIAs in the City of Toronto, of which 23 BIA 2021 Operating Budgets are submitted for City Council approval through this report.

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The recommendation in this report reflects the Board-adopted 2021 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 2021 Operating Budgets for BIAs reflect Council's approved policies and practices. Two COVID-19 related themes emerge in these budget submissions: a number of BIAs are specifically attempting to reduce financial demands on their memberships and a number of BIAs are exercising caution by postponing festivals and events.

Staff recommended

The Chief Financial Officer and Treasurer recommends that: 1. City Council adopt and certify the 2021 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2021 Operating Budget ($) 2021 Levy Funds Required ($) Bloor by the Park 83,707 73,773 Bloor Street 4,175,928 1,650,000 Bloor-Yorkville 4,447,712 3,381,368 Chinatown 619,236 459,161 Church-Wellesley

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Village 331,388 258,391 Dupont by the Castle 258,053 137,841 Financial District 1,929,059 1,450,615 Forest Hill Village 245,095 196,931 GreekTown on the Danforth 1,414,721 424,900 Lawrence Ingram Keele 219,988 189,988 Leslieville 215,607 139,569 Liberty Village 430,003 387,023 Little Italy 591,615 383,519 Pape Village 141,352 98,005 Parkdale Village 276,707 232,907 Riverside District 305,066 200,240 Roncesvalles Village 506,434 323,910 St. Lawrence Market Neighbourhood 1,634,214 1,281,023 The Eglinton Way 427,589 290,037 Toronto Entertainment District 3,413,149 3,085,761 Trinity Bellwoods 86,679 57,573 Village of Islington 224,532 147,453 Yonge + St. Clair 730,817 541,710 Total 22,708,651 15,391,698

Considered

  • 2020-12-07 · Economic and Community Development Committee · adopted

    Decision as filed

    The Economic and Community Development Committee recommends that: 1. City Council adopt and certify the 2021 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2021 Operating Budget ($) 2021 Levy Funds Required ($) Bloor by the Park 83,707 73,773 Bloor Street 4,175,928 1,650,000 Bloor-Yorkville 4,447,712 3,381,368 Chinatown 619,236 459,161 Church-Wellesley

    Show the rest of Decision as filed, 708 more characters as filed

    Village 331,388 258,391 Dupont by the Castle 258,053 137,841 Financial District 1,929,059 1,450,615 Forest Hill Village 245,095 196,931 GreekTown on the Danforth 1,414,721 424,900 Lawrence Ingram Keele 219,988 189,988 Leslieville 215,607 139,569 Liberty Village 430,003 387,023 Little Italy 591,615 383,519 Pape Village 141,352 98,005 Parkdale Village 276,707 232,907 Riverside District 305,066 200,240 Roncesvalles Village 506,434 323,910 St. Lawrence Market Neighbourhood 1,634,214 1,281,023 The Eglinton Way 427,589 290,037 Toronto Entertainment District 3,413,149 3,085,761 Trinity Bellwoods 86,679 57,573 Village of Islington 224,532 147,453 Yonge + St. Clair 730,817 541,710 Total 22,708,651 15,391,698

  • 2020-12-16 · Toronto City Council · adopted

On the record

The item as the City filed it

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