Capital Spending Update

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2022-03-31 · Board of Directors of TO Live · adopted

As filed

The Board of Directors of TO Live: 1. Directed that Confidential Attachments 1 and 2 to the report (February 28, 2022) from the President and Chief Executive Officer, TO Live remain confidential in their entirety because they contain financial information supplied in confidence to the Board of Directors of TO Live which, if disclosed, could reasonably be expected to significantly prejudice the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

On the agenda

As the city filed it

The purpose of this report is to update the Board on capital spending activity for fiscal 2021 as well as the potential 2022 Capital Budget reduction of $300 million in debt funding that would be proportionately allocated across all City Divisions and Agencies should the City be required to use the capital backstop to address the financial impacts arising from the pandemic.

Staff recommended

The President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live: 1. Direct that Confidential Attachments 1 and 2 remain confidential in their entirety because it contains financial information supplied in confidence to the Board of Directors of TO Live which, if disclosed, could reasonably be expected to significantly prejudice the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

On the record

The item as the City filed it