Business Improvement Areas - 2022 Operating Budgets - Report 2

City Council previously approved the 2022 Operating Budgets for 52 Business Improvement Areas through Report 1 at its meeting on February 2-3, 2022 (Item EC27.2 ). Included in this Report 2 is the 2022 Operating Budgets for 31 Business Improvement Areas for City Council approval. One Business Improvement Area, Historic Queen East, is inactive and one Business Improvement Area, Bloor Street, will not require an operating budget as the Business Improvement Area will be dissolved. A separate report entitled "Bloor Street Business Improvement Area - Dissolution of Board of Management and Repeal of Designating By-law" prepared by Interim General Manager, Economic Development and Culture is presented at the same Economic and Community Development Committee meeting scheduled for March 24, 2022. No City funding is required since the financing of Business Improvement Area Operating Budgets is raised by a special levy on the commercial and industrial properties within the respective Business Improvement Area boundaries. The recommendation in this report reflects the board-adopted 2022 Operating Budgets by the respective Business Improvement Area Boards of Management and General Membership. Complete budgets and supporting documentation have been reviewed by City staff to ensure that the 2022 Operating Budgets for Business Improvement Areas reflect Council's approved policies and practices. It is noted that the 2022 recommended Operating Budget for the Bloor Annex Business Improvement Area is yet to be adopted by the General Membership. The Annual General Membership meeting is scheduled for March 24, 2022. In the event that the General Membership disagrees, City staff will bring forward a final report at the next opportunity to seek City Council approval of the 2022 Operating Budget for this particular Business Improvement Area. Covid-19 impacts, including reduced levels of activity/expenditures, resulted in significantly increased net contributions to accumulated surplus reserves for most Business Improvement Areas during 2021. Accordingly, most Business Improvement Areas have been able to budget for withdrawals from the same reserves to minimize or eliminate Business Improvement Area levy increases for 2022.

Mosaic 748,112 365,883 Danforth Village 260,773 - Dovercourt Village 23,743 7,909 Eglinton Hill 85,779 25,779 Emery Village 3,260,546 2,446,753 Harbord Street 33,449 13,024 Kennedy Road 283,048 256,135 Korea Town 156,527 77,163 Long Branch 180,072 160,292 MarkeTO District 256,188 106,039 Mimico by the Lake 64,744 52,812 Mimico Village 58,019 35,888 Mirvish Village 86,908 79,408 Mount Dennis 151,909 30,132 Queen Street West 799,308 306,733 Regal Heights Village 72,036 - Rogers Road 71,321 39,996 Sheppard East Village 215,241 191,599 The Beach 444,396 384,487 Trinity Bellwoods 114,728 57,574 Upper Village 141,981 111,299 Uptown Yonge 335,546 251,040 Willowdale 1,112,073 1,003,664 Wilson Village 467,260 288,061 Wychwood Heights 185,063 29,039 York-Eglinton 435,948 115,777 Total 15,412,177 11,343,037 2. City Council adopt and certify the 2022 recommended Operating Budgets and Levy requirements for Bloor Annex Business Improvement Area, subject to approval by the Business Improvement Area's General Membership at its Annual General Meeting scheduled for March 24, 2022: Business Improvement Area 2022 Operating Budget ($) 2022 Levy Funds Required ($) Bloor Annex 311,306 276,826 Total 311,306 276,826