Toronto Parking Authority
The full agenda, as filed
All 15 items in the clerk’s order. Each carries the city’s own words: the staff recommendation, what the body decided, and its status. Nothing below is written by us.
PA14.1adopted
At its meeting on April 24, 2025, the Toronto Parking Authority - Audit and Risk Management Committee considered Item PR9.1 and made recommendations to the Board of Directors of the Toronto Parking Authority. Summary from the report (April 3, 2025) from the President, Toronto Parking Authority: This report is to establish the 2025 Work Plan (Attachment 2) for Audit and Risk Management Committee of the Board of Directors of Toronto Parking Authority (TPA) and to review its Terms of Reference as noted in Attachment 1.
The Board of Directors of the Toronto Parking Authority: 1. Amended the 2025 Audit and Risk Management Committee Work Plan in Attachment 1 to the report (April 3, 2025) from the President, Toronto Parking Authority by moving the Cybersecurity Update from the fourth quarter to the third quarter.
Staff recommendation as filed
The Toronto Parking Authority - Audit and Risk Management Committee recommends that the Board of Directors of the Toronto Parking Authority: 1. Amend the 2025 Audit and Risk Management Committee Work Plan in Attachment 1 to the report (April 3, 2025) from the President, Toronto Parking Authority by moving the Cybersecurity Update from the fourth quarter to the third quarter.
PA14.2adopted
Toronto Parking Authority - 2024 Audited Financial Statements
At its meeting on April 24, 2025, the Toronto Parking Authority - Audit and Risk Management Committee considered Item PR9.2 and made recommendations to the Board of Directors of the Toronto Parking Authority. Summary from the report (April 10, 2025) from the President, Toronto Parking Authority: The purpose of this report is to provide the Audit and Risk Management Committee of the Board of Directors of Toronto Parking Authority (TPA) with the draft audited financial statements for the year ended December 31, 2024. Toronto Parking Authority is North America's largest municipal operator of public parking with over 25 million transactions in 2024. In addition to its parking operations, Toronto Parking Authority also operates Bike Share Toronto, North America's third largest Bike Share program. In 2024, Bike Share Toronto attracted over 40,000 members (+5,000 v 2023) and achieved ridership of 6.9 million (+1.2 m v 2023) marking a nearly 300 percent increase in ridership since 2019. Toronto Parking Authority's electric vehicle (EV) charging network, which now comprises over 450 chargers, places Toronto Parking Authority as the operator of the largest municipally owned EV charging network in Canada. This network attracted over 20,000 unique customers and generated over $1.1 million in revenue. A summary of key accomplishments achieved in 2024 will be presented at the May 15, 2025, Board meeting through Toronto Parking Authority's 2024 Annual Report. KPMG LLP has completed their audit of Toronto Parking Authority's financial statements for the year ended December 31, 2024, and has delivered a clean audit opinion. A draft of the financial statements along with a copy of KPMG's year-end report to the Audit and Risk Management Committee is provided in Attachments 1 and 2. The financial statements continue to be marked as draft pending approval by the Toronto Parking Authority Board of Directors. KPMG Audit Partner, Kevin Travers, will attend the Audit and Risk Management Committee meeting to provide a summary on significant accounting and financial reporting matters dealt with during the audit process.
The Board of Directors of the Toronto Parking Authority: 1. Approved the Toronto Parking Authority's Audited Financial Statements for the year ended December 31, 2024, in Attachment 2 to the report (April 10, 2025) from the President, Toronto Parking Authority. 2. Recommended that City Council approve the 2024 Audited Financial Statements, in Attachment 2 to the report (April 10, 2025) from the President, Toronto Parking Authority.
Staff recommendation as filed
The Toronto Parking Authority - Audit and Risk Management Committee recommends that the Board of Directors of the Toronto Parking Authority: 1. Approve the Toronto Parking Authority's Audited Financial Statements for the year ended December 31, 2024, in Attachment 2 to the report (April 10, 2025) from the President, Toronto Parking Authority. 2. Recommend that City Council approve the 2024 Audited Financial Statements, in Attachment 2 to the report (April 10, 2025) from the President, Toronto Parking Authority.
PA14.3adopted
2024 Capital Review and 2025 Plan
At its meeting on April 24, 2025, the Toronto Parking Authority - Audit and Risk Management Committee considered Item PR9.3 and made recommendations to the Board of Directors of the Toronto Parking Authority. Summary from the report (March 31, 2025) from the President, Toronto Parking Authority: The purpose of this report is to provide the Toronto Parking Authority (TPA) Board of Directors with an in-depth analysis of the Capital Expenditure (CapEx) performance for 2024 and the plan for 2025. Building on our successful results in 2023, the Toronto Parking Authority has now delivered two consecutive years of capital spend rate exceeding 80 percent of budget. In 2024, total capital expenditures reached $57.1 million, representing 80.1 percent of budget. In addition, Toronto Parking Authority-led spending amounted to $36.2 million, exceeding the target of $35.6 million by $0.6 million. Executionally, substantial progress was made in 2024, 91 percent of our projects were completed on time or ahead of schedule. Furthermore, 93 percent of projects were delivered on or under budget, 89 percent met their scope targets, resulting in a favorable cost variance of $2.37 million. Critically, the State of Good Repair (SOGR) program experienced no safety incidents, underscoring our commitment to maintaining a safe working environment. Organizationally, the Toronto Parking Authority has strengthened its capital planning, delivery, and funding processes by adopting a proactive long-term approach to capital management. Capital initiatives were rigorously assessed through the lens of Strategic Imperatives, Enterprise Risk Management (ERM), our Annual Operating Plans (AOP), Asset Management Plan (AMP) and our Net Income Share commitments to the City of Toronto. This comprehensive evaluation allowed Toronto Parking Authority to prioritize and effectively execute the capital program while gaining a thorough understanding of associated risks and opportunities, ultimately ensuring optimized financial performance and resource allocation. As part of the 2025 budget process, management successfully secured Board approval for an investment of $55.6 million in the 2025 Capital Plan, positioning the Toronto Parking Authority for continued growth and innovation.
The Board of Directors of the Toronto Parking Authority: 1. Received the report (March 31, 2025) from the President, Toronto Parking Authority for information.
Staff recommendation as filed
The Toronto Parking Authority - Audit and Risk Management Committee recommends that the Board of Directors of the Toronto Parking Authority: 1. Receive the report (March 31, 2025) from the President, Toronto Parking Authority for information.
PA14.4adopted
Toronto Parking Authority - 2025 March 31 Year-to-Date Financial Performance (First Quarter Results)
At its meeting on April 24, 2025, the Toronto Parking Authority - Audit and Risk Management Committee considered Item PR9.4 and made recommendations to the Board of Directors of the Toronto Parking Authority. Summary from the report (March 31, 2025) from the President, Toronto Parking Authority: Toronto Parking Authority's (TPA) net income for the three months ending March 31, 2025, was $8.4 million; +$1.2 million versus plan. Total revenue was $37.8 million; -$1.3 million versus plan. Transactions were 80.6 percent of pre-pandemic transactions levels (2019) as businesses continue to adapt to a hybrid work model. In February, revenue across all the business lines were affected by a major snowstorm that impacted roads, particularly affecting 47 percent of the On-street inventory located on snow routes. Total operating costs were $26.5 million; $2.0 million lower than plan driven mainly by lower salaries and benefits, municipal taxes, volume related costs and management of discretionary expenses. Finance income was $0.9 million, comparable to plan, while amortization of assets was $0.6 million lower due to timing of capital delivery. Toronto Parking Authority capital spend was $2.1 million, with 40 percent plus currently committed to date. Management is on track to deliver an annual capital plan of $55.6 million supported by $25.8 million of direct capital funding for Bike Share and Electric Vehicle (EV) from the City of Toronto.
The Board of Directors of the Toronto Parking Authority: 1. Received the report (March 31, 2025) from the President, Toronto Parking Authority for information.
Staff recommendation as filed
The Toronto Parking Authority - Audit and Risk Management Committee recommends that the Board of Directors of the Toronto Parking Authority: 1. Receive the report (March 31, 2025) from the President, Toronto Parking Authority for information.
PA14.5adopted
At its meeting on April 24, 2025, the Toronto Parking Authority - Audit and Risk Management Committee considered Item PR9.5 and made recommendations to the Board of Directors of the Toronto Parking Authority. Summary from the report (April 2, 2025) from the President, Toronto Parking Authority: As North America's largest municipally-owned commercial parking operator with ample competition in the off-street parking arena, Toronto Parking Authority (TPA) uses rate setting or pricing as a tool to respond to evolving consumer behaviour and remain competitive while continuing to meet its mandate to provide short-stay, high turnover parking. Toronto Parking Authority's approach to rate setting at its off-street parking facilities is guided by Toronto Parking Authority Policy Resolution 2-1: Parking Rates - Off-Street Facilities. Under the current framework, Management carries out a comprehensive review of Toronto Parking Authority's off-street facilities at least once a year with the results of the review and recommended rate changes then brought forward to Toronto Parking Authority Board of Directors for approval as part of the annual budget process. As consumer behaviour continues to evolve post-COVID, the use of annual rate changes is placing Toronto Parking Authority at a competitive disadvantage as private sector parking operators can make day-of rate changes in response to real time conditions. To further strengthen Toronto Parking Authority's competitiveness, Management is proposing to amend Policy 2-1 to allow the President to authorize rate changes +/- 25 percent, on an as needed basis. These proposed amendments build upon other rate setting authorities delegated by the Board to the President as part of the 2024 and 2025 budget submissions to adjust special event rates on an as-needed basis and to offer new permit products at discounted rates where the sale of such permits did not compromise Toronto Parking Authority's ability to accommodate short-term parking needs of the facility. As part of this report, Management is also seeking authority to make the necessary administrative and editorial amendments to Toronto Parking Authority Policy Resolution 2-1: Parking Rates - Off-Street Facilities and Toronto Parking Authority Policy Resolution 2-3: Monthly Parking Permits to simplify the language and incorporate the authorities for event pricing and new permit products previously approved by the Board in 2023 and 2024.
The Board of Directors of the Toronto Parking Authority: 1. Approved the amendments to Toronto Parking Authority Policy Resolution 2-1 - Parking Rates - Off-Street Facilities in Revised Attachment 1 to the report (April 2, 2025) from the President, Toronto Parking Authority, and direct the President, Toronto Parking Authority, to enact this Policy Resolution, as amended. 2. Approved the amendments to Toronto Parking Authority Policy Resolution 2-3 - Monthly Permits in Revised Attachment 2 to the report (April 2, 2025) from the President, Toronto Parking Authority.
Staff recommendation as filed
The Toronto Parking Authority - Audit and Risk Management Committee recommends that the Board of Directors of the Toronto Parking Authority: 1. Approve the amendments to Toronto Parking Authority Policy Resolution 2-1 - Parking Rates - Off-Street Facilities in Revised Attachment 1 to the report (April 2, 2025) from the President, Toronto Parking Authority, and direct the President, Toronto Parking Authority, to enact this Policy Resolution, as amended. 2. Approve the amendments to Toronto Parking Authority Policy Resolution 2-3 - Monthly Permits in Revised Attachment 2 to the report (April 2, 2025) from the President, Toronto Parking Authority.
PA14.6adopted
Delegation of Authority Update
At its meeting on April 24, 2025, the Toronto Parking Authority - Audit and Risk Management Committee considered Item PR9.6 and made recommendations to the Board of Directors of the Toronto Parking Authority. Summary from the report (April 2, 2025) from the President, Toronto Parking Authority: At its meeting of November 8, 2021, the Board of Directors, Toronto Parking Authority (TPA) reviewed, approved and endorsed an update to Toronto Parking Authority Policy Resolution 5-10: Delegation of Authority, as amended by resolution. Among other things, these amendments increased the Toronto Parking Authority President's authority to make commitments on behalf of Toronto Parking Authority from an amount not exceeding $250,000 to an amount not exceeding $500,000. At the same meeting, the Board of Directors also established an Audit and Risk Management Committee and adopted the mandate and Terms of Reference presented in Item PA27.13. Under the Roles and Responsibilities adopted by the Board, the Audit and Risk Management Committee shall review a list prepared by Management that summarizes the items where the Toronto Parking Authority President has used the increased delegation of authority. At its meeting of July 19, 2024, Toronto Parking Authority Board of Directors approved proposed amendments to Toronto Parking Authority Policy Resolution 5-10: Delegation of Authority as outlined in Appendix B to the report (June 11, 2024) from the President, Toronto Parking Authority. The approved amendments recognize the authorities under Toronto Parking Authority Policy Resolution 5-7: Procurement for the President to award a contract through a non-competitive procurement process in an amount not exceeding $250,000. Where the President uses this authority, Management has committed to providing a summary of the purchasing activity in its regular Delegation of Authority update to the Audit and Risk Management Committee. The purpose of this report is to provide a summary outlining the Toronto Parking Authority President's use of the increased Delegation of Authority between October 22, 2024 and April 2, 2025.
The Board of Directors of the Toronto Parking Authority: 1. Received the report (April 2, 2025) from the President, Toronto Parking Authority for information.
Staff recommendation as filed
The Toronto Parking Authority - Audit and Risk Management Committee recommends that the Board of Directors of the Toronto Parking Authority: 1. Receive the report (April 2, 2025) from the President, Toronto Parking Authority for information.
PA14.7adopted
Summary of Legal Disputes - 2025 First Quarter Update
At its meeting on April 24, 2025, the Toronto Parking Authority - Audit and Risk Management Committee considered Item PR9.7 and made recommendations to the Board of Directors of the Toronto Parking Authority. Summary from the report (April 2, 2025) from the President, Toronto Parking Authority: As part of Toronto Parking Authority's operation of commercial parking, the management of tenanted properties and Bike Share Toronto, Toronto Parking Authority is dealing with a range of legal matters related to supplier disputes, personal injuries, commercial tenancy disputes and the protection of Toronto Parking Authority's registered trademarks. Toronto Parking Authority has suitable insurance in relation to such concerns, such as general liability insurance for all of its facilities; and has assigned/retained legal counsel and insurance adjusters to manage any claims. Details about the specific legal disputes are included in Confidential Attachment 1. This report is a reoccurring update provided to the Board about the status of ongoing legal disputes. The Board will be provided with updates on a regular basis as substantive changes occur to the status of the specific legal disputes.
The Board of Directors of the Toronto Parking Authority: 1. Directed that the confidential information contained in Confidential Attachment 1 to the report (April 2, 2025) from the President, Toronto Parking Authority remain confidential in its entirety, as it contains advice about litigation or potential litigation that affects Toronto Parking Authority and contains advice or communications that are subject to solicitor-client privilege.
Staff recommendation as filed
The Toronto Parking Authority - Audit and Risk Management Committee recommends that the Board of Directors of the Toronto Parking Authority: 1. Direct that the confidential information contained in Confidential Attachment 1 to the report (April 2, 2025) from the President, Toronto Parking Authority remain confidential in its entirety, as it contains advice about litigation or potential litigation that affects Toronto Parking Authority and contains advice or communications that are subject to solicitor-client privilege.
PA14.8amended
Bike Share for Everyone: Allowing Young Torontonians to access Safe, Sustainable Commutes
City Council on July 24 and 25, 2024, adopted Item MM20.7 and, in so doing, has: 1. Requested the Toronto Parking Authority Board to allow Bike Share users ages 16 and 17 to ride classic (non-electronic) bikes without being accompanied by a parent or a guardian. 2. Requested the Toronto Parking Authority Board to consider allowing Bike Share users between 14 and 16 years of age to ride classic bikes if being accompanied by a parent or a guardian.
The Board of Directors of the Toronto Parking Authority: 1. Directed the President, Toronto Parking Authority to implement the necessary changes to the Bike Share Toronto user terms and conditions that will allow users aged 14 to 15 to ride classic bikes when supervised by a parent or guardian. 2. Directed the President, Toronto Parking Authority to implement the necessary changes to the Bike Share Toronto user terms and conditions that will allow users aged 16 to 17 to ride classic bikes and e-bike without being accompanied by a parent or guardian.
PA14.9adopted
Toronto Parking Authority - 2024 Annual Report
Toronto Parking Authority (TPA) is North America's largest municipal operator of public parking with over 25 million transactions in 2024 contributing to $ in revenue. In addition to its parking operations, Toronto Parking Authority also operates Bike Share Toronto, North America's third largest Bilke Share program. In 2024, Bike Share Toronto attracted over 40,000 members (+5,000 v 2023) and achieved ridership of 6.9 million (+1.2 m v 2023) marking a nearly 300 percent increase in ridership since 2019. Toronto Parking Authority's electric vehicle (EV) charging network, which now comprises over 450 chargers, places TPA as the operator of the largest municipally owned EV charging network in Canada. This network attracted over 20,000 unique customers and generated over $1.1 million in revenue. Together, Toronto Parking Authority's mobility services generated total revenues of $164.6 million (+18.6 million v 2023) in 2024. Toronto Parking Authority's net income was $44.8 million (+$6.7 million v 2023) with a total of $32.8 million (+$8.9 million v 2023) provided to the City of Toronto through the Toronto Parking Authority - City of Toronto Net Income Share Agreement. A summary of key accomplishments achieved in 2024 is presented in the draft 2024 Annual Report (refer to Attachment 1). Through PA14.02, the 2024 Audited Financial Statements are also being submitted to the Board for approval at the May 15, 2025 Board meeting. Should the Board approve both the draft Annual Report and the Audited Financial Statements, Toronto Parking Authority will incorporate the Audited Financial Statements into the 2024 Annual Report and finalize for distribution and publishing on Toronto Parking Authority's website. In order to meet requirements under the City of Toronto Municipal Code, Chapter 179 Parking Authority, it is also recommended that the Board refer both the Audited Financial Statements and Annual Report to City Council.
The Board of Directors Toronto Parking Authority: 1. Approved the 2024 Toronto Parking Authority Annual Report for distribution. 2. Referred the report (April 29, 2025) from the President, Toronto Parking Authority along with the 2024 Audited Financial Statements to City Council.
Staff recommendation as filed
The President, Toronto Parking Authority recommends that: 1. The Board of Directors, Toronto Parking Authority, approve the 2024 Toronto Parking Authority Annual Report for distribution. 2. The Board of Directors, Toronto Parking Authority refer this report along with the 2024 Audited Financial Statements to City Council.
PA14.10adopted
City Building Activity Update - 2024 Fourth Quarter
The purpose of this report is to provide Toronto Parking Authority (TPA) Board of Directors with an update about key City policy initiatives, programs and projects potentially impacting Toronto Parking Authority. The status of Toronto Parking Authority facilities that have been identified for city building opportunities and initiatives or which are otherwise being redeveloped through joint venture projects is also provided. Further updates about city building activities involving Toronto Parking Authority facilities will continue to be provided to the Toronto Parking Authority Board of Directors on an as-needed basis.
The Board of Directors of the Toronto Parking Authority: 1. Directed that Confidential Attachment 1 to the report (February 12, 2025) from the President, Toronto Parking Authority remain confidential in its entirety, as it pertains to a proposed or pending acquisition or disposition of land by the City of Toronto.
Staff recommendation as filed
The President, Toronto Parking Authority recommends that: 1. The Toronto Parking Authority Board of Directors direct that Confidential Attachment 1 remain confidential in its entirety, as it deals with a proposed or pending acquisition or disposition of land by the City of Toronto.
PA14.11amended
Toronto Parking Authority Security Approach and Framework
The purpose of this report is to respond to City Council's request (IE17.5) for Toronto Parking Authority (TPA) to review and consider a universal security protocol for their garages and parking lots and to provide a summary of the current security approach and assessment framework used to allocate security resources at Toronto Parking Authority facilities. This report also highlights findings from a community safety audit conducted at Car Park 150 (40 Larch Street), which the Council also requested through its adoption of IE17.5 at its meeting on November 13, 2024. The Toronto Parking Authority is dedicated to delivering clean, safe, and efficient parking facilities that meet the needs of the customers and the communities it serves. Direct management and oversight of Toronto Parking Authority's security program is the responsibility of the Corporate Security Section of Corporate Real Estate Management (CREM). A Service Level Agreement, executed on May 28, 2021, defines the service levels provided by Corporate Security 's management of Toronto Parking Authority's security program. To maintain the highest standards of safety and security, Corporate Security and Toronto Parking Authority employ a risk-based, multi-layered security approach. This strategy addresses vulnerabilities through complementary measures, including physical security equipment, technology, data-driven analytics, trained personnel, and effective communication. By tailoring security measures to the specific risks of each facility, resources are more efficiently allocated, and threats effectively mitigated, creating a safer environment for Toronto Parking Authority customers and employees. To further enhance safety, Corporate Security and Toronto Parking Authority collaborate with key partners to take a proactive approach to security. This includes working with the Toronto Police Service to increase police presence during high-risk periods and deploying community safety officers who address antisocial behaviour with a human-centred approach and engaging with community organizations to strengthen overall security efforts. Since 2021, Toronto Parking Authority has increased its annual security services budget by $2.9 million (a 290 percent increase), bringing the total to $3.9 million. Additionally, Toronto Parking Authority has allocated $4.1 million for CCTV installations across seven garages and $2.7 million for enhanced vehicle and pedestrian access control systems. Looking ahead, the Toronto Parking Authority plans to invest an additional $25.7 million over the next five years to expand access control measures. emergency communication systems and CCTV coverage, reinforcing its commitment to safety and public trust. These investments are directly aligned with the evolving post-pandemic landscape, addressing the rise in antisocial behaviour and security challenges impacting our communities. Toronto Parking Authority is committed to a risk-based, multi-layered approach as the most effective way to deliver security services. This proven strategy aligns with Corporate Security's best practices across city divisions and agencies, ensuring a consistent and proactive approach to safety. By tailoring security measures to each location's unique needs, we maximize resource efficiency while providing comprehensive, targeted protection-striking the right balance between adaptability and effectiveness.
The Board of Directors, Toronto Parking Authority: 1. Directed the President, Toronto Parking Authority in consultation with the Director, Corporate Security, to carry out a review of the customer outcomes and performance of the security program services being provided under the Service Legal Agreement between the City of Toronto's Corporate Security Division and Toronto Parking Authority, and report back to the Board on the outcome of the review by the fourth quarter of 2025. 2. Directed that Confidential Attachment 2 to the report (May 14, 2025) from the President, Toronto Parking Authority remain confidential in its entirety, as it pertains to the security of property belonging to the City of Toronto. 3. Directed that the report (May 14, 2025) from the President, Toronto Parking Authority be forwarded to City Council for information. 4. Requested that City Council direct that Confidential Attachment 2 to the report (May 14, 2025) from the President, Toronto Parking Authority remain confidential in its entirety, as it pertains to the security of property belonging to the City of Toronto.
Staff recommendation as filed
The President, Toronto Parking Authority recommends that: 1. The Toronto Parking Authority Board of Directors direct that Confidential Attachment 2 remain confidential in its entirety, as it deals with the security of property belonging to the City of Toronto. 2. The Toronto Parking Authority Board of Directors direct that this report be forwarded to City Council for information. 3. The Toronto Parking Authority Board of Directors request that City Council direct that Confidential Attachment 2 remain confidential in its entirety, as it deals with the security of property belonging to the City of Toronto.
PA14.12deferred
Electric Vehicle (EV) Charging Equipment Contract Extension Award Update
The purpose of this paper is to defer consideration of extending the EV Charging Equipment Purchase Agreement with ChargePoint Inc., originally effective December 12, 2022, to the Board meeting scheduled for October 16, 2025. At its meeting on March 26, 2025, City Council adopted the Mayor's Economic Action Plan in Response to U.S. Tariffs, outlining ten immediate actions the City will undertake in response to tariffs imposed by the United States. Included in these actions was a directive for the City Manager and the General Manager of Economic Development and Culture to propose amendments to the purchasing bylaw, with a report back to Council anticipated in July 2025. Given the forthcoming amendments to procurement policies and their potential impact on existing and future contractual arrangements, deferring the decision until October 16, 2025, will ensure alignment with City Council's updated procurement framework and strategic priorities.
The Board of Directors, Toronto Parking Authority: 1. Deferred consideration of the item to the October 16, 2025 meeting of the Board of Directors of the Toronto Parking Authority.
Staff recommendation as filed
The President, Toronto Parking Authority recommends: 1. That the Toronto Parking Authority Board of Directors defer consideration of the extension of the EV Charging Equipment Purchase Agreement, effective December 12, 2022, with ChargePoint Inc., to the October 16, 2025 Board meeting.
PA14.13adopted
2025 Toronto Parking Authority Asset Management Policy and Plan
This report provides the Board of Directors of the Toronto Parking Authority (TPA) with an overview of Toronto Parking Authority's Asset Management (AM) Program, including the Asset Management Policy and Asset Management Plan (AMP). The program has been developed in compliance with the Asset Management Planning for Municipal Infrastructure Regulation (O. Reg. 588/17, as amended by O. Reg. 193/21) and is further aligned with internationally recognized best practices under the ISO 55000 standard. An Asset Management Program is a structured policy, process, and procedures that outlines how an organization will manage its assets, such as buildings, equipment, or infrastructure, to support its strategic goals. Based on the international ISO 55000 standard, the plan includes an inventory of assets, strategies for maintaining and replacing them, performance targets, risk management measures, and long-term financial planning. Its purpose is to help organizations make informed, sustainable decisions that balance performance, cost, and risk over the entire asset lifecycle. The Toronto Parking Authority Asset Management Program provides the foundation for how Toronto Parking Authority manages its assets across their lifecycle to deliver safe, reliable, and sustainable mobility solutions and services. It is a key enabler of Toronto Parking Authority's vision to be a recognized leading provider of parking, bike share, and last-mile mobility solutions. Through this framework, Toronto Parking Authority will optimize resource allocation, reduce operational risk, enhance customer satisfaction, and improve capital investment planning, all of which are critical to delivering value to the public and maintaining a competitive edge in a rapidly evolving urban mobility landscape. Importantly, Toronto Parking Authority's Enterprise Risk Management (ERM) program has identified aging infrastructure and technology as key risks to service delivery and strategic growth. The Asset Management Program directly addresses these risks by embedding lifecycle planning, proactive maintenance strategies, and performance monitoring into core operations. It also enhances Toronto Parking Authority's ability to respond to evolving service demands and supports environmental, social, and governance (ESG) outcomes through more sustainable, risk-aware decision-making. The Asset Management Policy defines Toronto Parking Authority's organizational commitment to asset stewardship, ensuring alignment with best practices and accountability across the organization. It provides the principles for how asset decisions are made, balancing performance, cost, risk, and sustainability. The Asset Management Plan (AMP) provides a current snapshot of the program, outlining the assets that support service delivery, their condition, performance, and replacement cost. It answers key questions such as: What assets do we have? What condition are they in? How much will it cost to maintain or replace them? The Asset Management Plan also identifies future service demands, funding requirements, and includes a roadmap for continuous improvement, ensuring the program remains adaptive and responsive over time. Once approved by the Board, the Asset Management Policy and Plan will be submitted to the City of Toronto for integration into the City's broader municipal Asset Management Plan, supporting consistent standards and governance across City divisions and agencies.
The Board of Directors, Toronto Parking Authority: 1. Approved the Asset Management Policy. 2. Approved the Asset Management Plan. 3. Directed the President, Toronto Parking Authority to implement the Asset Management Plan.
Staff recommendation as filed
The President, Toronto Parking Authority recommends that: 1. The Toronto Parking Authority Board of Directors approve the Asset Management Policy. 2. The Toronto Parking Authority Board of Directors approve the Asset Management Plan. 3. The Toronto Parking Authority Board of Directors direct the President, Toronto Parking Authority to implement the Asset Management Plan.
PA14.14adopted
At its meeting of March 2025, Toronto Parking Authority (TPA) Board of Directors received a report from Management that included recommendations for the 2025 Corporate Goals and performance targets to be utilized in Toronto Parking Authority's 2025 Short-Term Incentive Program (STIP). The Item was adopted with an amendment that deferred consideration of EV charging (Goal 5.2) as a performance measure for 2025 to the May 15, 2025 meeting of the Board. The intent of the amendment was to provide Management time to carry out further engagement with the Environment, Climate and Forestry Division about how the proposed corporate goal fit within the City's Approach to Electric Vehicle charging through 2030. Management has completed this review and is recommending that Corporate Goal 5.2 (Secure external strategic partnership to scale our City-wide EV charging strategy) be replaced with a three (3) year growth strategy for Green P parking. An updated summary of the Corporate Goals and performance targets is included in Attachment 1 to this report.
The Board of Directors, Toronto Parking Authority: 1. Approved the amended 2025 Corporate Goals and performance targets as outlined in Attachment 1 to the report (April 29, 2025) from the President, Toronto Parking Authority. 2. Directed the President, Toronto Parking Authority, to implement the amended 2025 Corporate Goals and performance targets for the Short-Term Incentive Plan as outlined in Attachment 1 to the report (April 29, 2025) from the President, Toronto Parking Authority.
Staff recommendation as filed
The President, Toronto Parking Authority recommends that: 1. The Board of Directors, Toronto Parking Authority, approve the amended 2025 Corporate Goals and performance targets as outlined in Attachment 1 to this report. 2. The Board of Directors, Toronto Parking Authority, direct the President, Toronto Parking Authority, to implement the amended 2025 Corporate Goals and performance targets for the Short-Term Incentive Plan as outlined in Attachment 1 to this report.
PA14.15received
Mayor’s Economic Action Plan in Response to United States Tariffs
City Council on March 26 and 27, 2025, adopted Item EX21.2 as amended and, in so doing, has: 1. Adopted the Mayor's Economic Action Plan in Response to US Tariffs, as outlined in Revised Attachment 1 to the revised report (March 18, 2025) from the City Manager and the General Manager, Economic Development and Culture, as amended by part 2 of City Council's decision to include actions under "Mobility of People and Goods" to support the improvement of the mobility of goods and services connected with the economy. 2. Requested the City's agencies and corporations to adopt similar policies where possible.
The Board of Directors of the Toronto Parking Authority received the item for information.