Update on Electric Ferries Shoreside Infrastructure and Ferry Terminal Improvement Projects

Agreement upset limit from $41,800,000 net of all applicable taxes and charges ($42,535,680 net of Harmonized Sales Tax recoveries) to $52,123,635 net of all applicable taxes and charges ($53,020,771 net of Harmonized Sales Tax recoveries), representing an increase of $7,573,945 net of all applicable taxes and charges ($7,687,006 net of Harmonized Sales Tax recoveries) for the charging and docking improvements to be delivered through the Project and an increase of $2,749,690 net of applicable taxes and charges ($2,798,085 net of Harmonized Sales Tax recoveries) for necessary dock wall repairs and modifications at Jack Layton Ferry Terminal. 2. City Council direct the Toronto Port Lands Company, in consultation with relevant City Divisions and Waterfront Toronto to deliver on the City's behalf the project management, design, construction and other necessary components of the Interim Terminal Improvements Project, consistent with the docking and terminal plan from the 2015 winning team of the Jack Layton Ferry Terminal Innovative Design Competition, pursuant to the Delivery Agreement, dated November 28, 2024, between the City of Toronto and the Toronto Port Lands Company for the Shoreside Infrastructure Project, in the budgeted amount of $4,500,000 net of applicable taxes and charges ($4,579,200 net of Harmonized Sales Tax recoveries) and, conditional on approval by the City Manager, direct that Toronto Port Lands Company negotiate, enter into and execute any agreements as necessary with Waterfront Toronto to support the delivery of the Interim Terminal Improvements Project. 3. City Council amend Parks and Recreation's 2025 Capital Budget and 2026-2034 Capital Plan for the Ferry Fleet Replacement and Shoreside sub-project (account CPR126-45-08) in the Special Facilities project, in the amount of $2,687,006 gross and $0 debt, increasing project cost and cash flow commitments in 2027, fully funded by Development Charges (XR2114) for the Shoreside Infrastructure Project.