The filed record
Business Improvement Areas (BIAs) - 2023 Operating Budgets - Report 2
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The decision
2023-03-29 · Toronto City Council · adopted
As filed
City Council on March 29, 30 and 31, 2023, adopted the following: 1. City Council adopt and certify the 2023 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2023 Operating Budget ($) 2023 Levy Funds Required ($) Bloorcourt Village 322,645 203,488 Church-Wellesley Village 584,294 288,507 College West 44,684 22,384 Dovercourt Village 22,699 7,909
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Dupont by the Castle 172,900 147,490 Emery Village 3,242,685 2,337,499 Harbord Street 33,680 14,221 Korea Town 163,254 77,163 Leslieville 352,392 183,064 Long Branch 183,531 166,704 Marketo District 157,046 109,221 Mimico by the Lake 64,658 52,826 Mimico Village 58,320 35,901 Mount Dennis 199,530 31,338 Ossington Avenue 190,814 74,430 Pape Village 148,132 99,587 Parkdale Village 277,949 234,150 Queen Street West 772,231 306,733 Rogers Road 80,202 39,996 Rosedale Main Street 329,763 239,022 Sheppard East Village 217,381 197,779 shoptheQueensway.com 177,779 159,517 The Eglinton Way 781,320 290,037 Trinity Bellwoods 71,781 57,572 Upper Village 285,968 124,655 Wilson Village 829,112 316,867 Yonge & St Clair 1,007,965 596,556 Total 10,772,715 6,414,616
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 Business Improvement Area boundaries. The Business Improvement Area is an association, independently managed from the City and operated by local businesses and property owners, joining together to organize, finance, and deliver capital streetscape improvements, and to promote economic development in a district with its own governance structure as set out in Chapter 19 of the Toronto Municipal Code and the City of Toronto Act, 2006.
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There are currently 84 established Business Improvement Areas in the City of Toronto. The Economic and Community Development Committee has previously approved the 2023 Operating Budgets for 50 Business Improvement Areas through Report 1 at its meeting on January 11, 2023 and that report is currently with Council for approval on February 7-9, 2023. Included in this Report 2 is the 2023 Operating Budgets for 27 Business Improvement Areas for City Council approval. Financing of individual Business Improvement Area Operating Budgets is raised by a special levy on the commercial and industrial properties within the respective Business Improvement Area boundaries. Council has not established a specific policy requiring a Business Improvement Area maintain a certain amount in their accumulated surplus. Should a Business Improvement Area find itself in a deficit, be dissolved or becomes inactive, Council has the authority to collect funds required and liabilities including interests, through the Business Improvement Area levy under Chapter 19 of the Toronto Municipal Code. If a board is dissolved and the liabilities exceed the assets assumed by the City, Council shall recover the difference. The recommendation in this report reflects the board-adopted 2023 Operating Budgets by the respective Business Improvement Areas' Boards of Management and General Membership. Complete budgets and supporting documentation have been reviewed by City staff to ensure that the 2023 Operating Budgets for Business Improvement Areas reflect Council's approved policies and practices.
Staff recommended
The Chief Financial Officer and Treasurer recommends that: 1. City Council adopt and certify the 2023 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2023 Operating Budget ($) 2023 Levy Funds Required ($) Bloorcourt Village 322,645 203,488 Church-Wellesley Village 584,294 288,507 College West 44,684 22,384 Dovercourt Village 22.699 7,909 Dupont
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by the Castle 172,900 147,490 Emery Village 3,242,685 2,337,499 Harbord Street 33,680 14,221 Korea Town 163,254 77,163 Leslieville 352,392 183,064 Long Branch 183,531 166,704 Marketo District 157,046 109,221 Mimico by the Lake 64,658 52,826 Mimico Village 58,320 35,901 Mount Dennis 199,530 31,338 Ossington Avenue 190,814 74,430 Pape Village 148,132 99,587 Parkdale Village 277,949 234,150 Queen Street West 772,231 306,733 Rogers Road 80,202 39,996 Rosedale Main Street 329,763 239,022 Sheppard East Village 217,381 197,779 shoptheQueensway.com 177,779 159,517 The Eglinton Way 781,320 290,037 Trinity Bellwoods 71,781 57,572 Upper Village 285,968 124,655 Wilson Village 829,112 316,867 Yonge & St Clair 1,007,965 596,556 Total 10,772,715 6,414,616
Considered
2023-02-16 · Economic and Community Development Committee · adopted
Decision as filed
The Economic and Community Development Committee recommends that: 1. City Council adopt and certify the 2023 recommended Operating Budgets and Levy requirements of the following Business Improvement Areas: Business Improvement Area 2023 Operating Budget ($) 2023 Levy Funds Required ($) Bloorcourt Village 322,645 203,488 Church-Wellesley Village 584,294 288,507 College West 44,684 22,384 Dovercourt Village 22.699 7,909
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Dupont by the Castle 172,900 147,490 Emery Village 3,242,685 2,337,499 Harbord Street 33,680 14,221 Korea Town 163,254 77,163 Leslieville 352,392 183,064 Long Branch 183,531 166,704 Marketo District 157,046 109,221 Mimico by the Lake 64,658 52,826 Mimico Village 58,320 35,901 Mount Dennis 199,530 31,338 Ossington Avenue 190,814 74,430 Pape Village 148,132 99,587 Parkdale Village 277,949 234,150 Queen Street West 772,231 306,733 Rogers Road 80,202 39,996 Rosedale Main Street 329,763 239,022 Sheppard East Village 217,381 197,779 shoptheQueensway.com 177,779 159,517 The Eglinton Way 781,320 290,037 Trinity Bellwoods 71,781 57,572 Upper Village 285,968 124,655 Wilson Village 829,112 316,867 Yonge & St Clair 1,007,965 596,556 Total 10,772,715 6,414,616
2023-03-29 · Toronto City Council · adopted