Bloor Street Business Improvement Area - Dissolution of Board of Management and Repeal of Designating By-law

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The decision

2022-04-06 · Toronto City Council · amended

As filed

City Council on April 6 and 7, 2022 adopted the following: 1. City Council dissolve the Bloor Street Business Improvement Area Board of Management and repeal By-law 69-2007 which established the Board of Management. 2. City Council repeal By-law 519-2006 which designated the Bloor Street Business Improvement Area as defined by the boundaries described in Attachment 1 to the report (March 10, 2022) from the Interim General Manager, Economic Development and Culture.

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3. City Council amend Municipal Code Chapter 19, Business Improvement Areas to delete all references to the Bloor Street Business Improvement Area. 4. City Council authorize the City Solicitor to prepare the by-laws necessary to dissolve the Bloor Street Business Improvement Area Board of Management, repeal the by-laws noted in Parts 1 and 2 above and make the necessary amendments to Municipal Code Chapter 19. 5. City Council authorize the transfer of all Bloor Street Business Improvement Area assets and liabilities to the Bloor-Yorkville Business Improvement Area. 6. City Council direct the General Manager, Economic Development and Culture to negotiate and sign on behalf of the City, an agreement with Bloor-Yorkville Business Improvement Area, to manage the Bloor Street Business Improvement Area's residual funds to cover the costs of the preparation of their 2021 audit, any assessment appeal overruns and any other financial liability of the Business Improvement Area.

On the agenda

As the city filed it

The purpose of this report is to recommend the dissolution of the Bloor Street Business Improvement Area Board of Management and the repeal of the By-laws 519-2006 and 69-2007, which established the Bloor Street Business Improvement Area and the Board of Management, respectively. The report also recommends that City Council direct the City to enter into an agreement with Bloor-Yorkville Business Improvement Area authorizing

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the use of the Bloor Street Business Improvement Area residual funds for completion of the 2021 audit, potential appeal provision deficit and to cover outstanding Business Improvement Area financial liabilities, if any.

Staff recommended

The Interim General Manager, Economic Development and Culture, recommends that: 1. City Council dissolve the Bloor Street Business Improvement Area Board of Management, and repeal By-law 69-2007, which established the Board of Management. 2. City Council repeal By-law 4519-2006, which designated the Bloor Street Business Improvement Area as defined by the boundaries described in Attachment 1. 3. City Council amend Municipal Code Chapter 19, Business Improvement Areas to delete all references to the Bloor Street Business Improvement Area.

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4. City Council authorize the City Solicitor to prepare the by-laws necessary to dissolve the Bloor Street Business Improvement Area Board of Management; repeal the by-laws noted above and make the necessary amendments to Municipal Code Chapter 19. 5. City Council authorize the transfer of all Bloor Street Business Improvement Area assets and liabilities to the Bloor-Yorkville Business Improvement Area. 6. City Council direct the General Manager of Economic Development and Culture to negotiate and sign on behalf of the City, an agreement with Bloor-Yorkville Business Improvement Area to manage the Bloor Street Business Improvement Area's residual funds to cover the costs of the preparation of their 2021 audit, any assessment appeal overruns and any other financial liability of the Business Improvement Area.

Considered

2022-03-24 · Economic and Community Development Committee · adopted
Decision as filed
The Economic and Community Development Committee recommends that: 1. City Council dissolve the Bloor Street Business Improvement Area Board of Management, and repeal By-law 69-2007, which established the Board of Management. 2. City Council repeal By-law 4519-2006, which designated the Bloor Street Business Improvement Area as defined by the boundaries described in Attachment 1 to the report (March 10, 2022) from the Interim General Manager, Economic Development and Culture.
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3. City Council amend Municipal Code Chapter 19, Business Improvement Areas to delete all references to the Bloor Street Business Improvement Area. 4. City Council authorize the City Solicitor to prepare the by-laws necessary to dissolve the Bloor Street Business Improvement Area Board of Management; repeal the by-laws noted above and make the necessary amendments to Municipal Code Chapter 19. 5. City Council authorize the transfer of all Bloor Street Business Improvement Area assets and liabilities to the Bloor-Yorkville Business Improvement Area. 6. City Council direct the General Manager of Economic Development and Culture to negotiate and sign on behalf of the City, an agreement with Bloor-Yorkville Business Improvement Area to manage the Bloor Street Business Improvement Area's residual funds to cover the costs of the preparation of their 2021 audit, any assessment appeal overruns and any other financial liability of the Business Improvement Area.
2022-04-06 · Toronto City Council · amended

On the record

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