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                                           THE CITY OF TORONTO

                                            Clerk's Department



                              Minutes of the Economic Development Committee



                                                                       Friday, September 18, 1998.



        The Economic Development Committee met on Friday, September 18, 1998, in Committee Room A,

        2nd Floor, Metro Hall, Toronto, commencing at 9:42 a.m.



        Members Present:



                       Councillor Brian Ashton, Chair

                       Councillor Sandra Bussin

                       Councillor Raymond Cho

                       Councillor Rob Davis

                       Councillor Michael Feldman

                       Councillor Mario Giansante

                       Councillor Douglas Holyday

                       Councillor Norm Kelly

                       Councillor Joan King

                       Councillor Mario Silva

                       Councillor Mike Tzekas





        On Motion by Councillor Holyday, the Committee confirmed the minutes of its meetings held

        on July 8, 1998 and July 17, 1998.



        No declarations of interest pursuant to the Municipal Conflict of Interest Act was

        declared by members of the Economic Development Committee.







10.     Overview of Key Issues and Opportunities in 

        Economic Development, Culture and Tourism.



        The Economic Development Committee had before it the following reports:



        (i)    (September 1, 1998) from the Commissioner of Economic Development, Culture and

               Tourism;  submitting a Discussion Paper, dated September 4, 1998, entitled

                Towards a Strategic Agenda, Key Issues and Opportunities in Economic Development,

               Culture and Tourism  which provides background information in order to assist the

               Committee in determining how it wishes to approach strategic planning and issues 

        resolution, and how the Department and the Committee can best work together in this

        regard;  and recommending that this report be received for information; and



        (ii)   (September 17, 1998) from the Managing Director, Toronto Historical Board,

               recommending that this report be received for information.



               On motion by Councillor King, the Committee referred the aforementioned

               report from the Commissioner of Economic Development, Culture and Tourism, 

               together with related material, to the Chair with a request that he convene

               a special meeting of the Economic Development Committee to discuss this



               report and that senior staff of the Department of Economic Development,

               Culture and Tourism be requested to attend.

               (Chair, Economic Development Committee;   Copy to:  Commissioner of

               Economic Development, Culture and Tourism;  Mr. F. Kershaw, Director,

               Policy and Development, Economic Development, Culture and Tourism -

               September 23, 1998)



                                     (Clause No. 15(b), Report No. 2)



11.     Dundas West Regeneration Project 

        (Davenport and High Park).



        The Economic Development Committee had before it report (September 3, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:



        (1)    City Council endorse the terms of reference for the Dundas West Regeneration

               Project as set out in the body of this report, and grant authority to make

               available monies provided by Provigo for the purposes of the Dundas West

               Regeneration Project pursuant to the Section 37 Agreement authorized by (former)

               City of Toronto Council in adopting Land Use Committee Report 12, Clause 11,

               Recommendation 2 on August 21, 1997 to the  West Toronto Junction Team  as set out

               below;



               (a)     the funds be used for the purposes of retaining a Project Director and

                       undertaking activities agreed to by the Commissioners of Economic

                       Development, Culture and Tourism and Urban Planning and Development

                       Services that are required to develop new markets for Dundas Street West

                       and attract new business locations and investment;



               (b)     the Commissioner of Economic Development, Culture and Tourism be authorized

                       to disburse the funds in installments of up to $25,000.00 to the West

                       Toronto Junction Team upon the submission of both a current financial

                       statement for the project, and copies of invoices documenting the

                       expenditure of the previously disbursed funds, except as noted in 1c, and

                       that no more than $100,000.00 be provided before June 30, 1999; and



               (c)     permission be given to provide the first installment when the West Toronto

                       Junction Team has entered into a contract with a Project Director;



        (2)    the interest accruing on the funds held by the City be deposited in Account 304426

               and be made available to the West Toronto Junction Team for the purposes of the

               project;



        (3)    staff be requested to facilitate and accommodate any requests for support, within

               their resource capabilities from the West Toronto Junction Team;



        (4)    the West Toronto Junction Team invite the four Ward Councillors and Economic

               Development and Urban Planning and Development staff to all meetings and provide

               them with copies of the Minutes and financial statements for the project;



        (5)    the management of Provigo be thanked for its contribution and support to date for

               this important regeneration project;



        (6)    the Commissioners of Economic Development, Culture and Tourism and Urban Planning

               and Development Services be requested to report to the Economic Development



               Committee on the progress of the project, results achieved and future directions

               after one year; and 

        (7)    that the appropriate staff be authorized to take the steps necessary to implement

               the foregoing. 

               On motion by Councillor Holyday, the Committee recommended to Council  the

               adoption of the aforementioned report.



                                       (Clause No. 8, Report No. 2)





12.     Appointments to the Boards of Management for Business Improvement Areas

        and Amendments to the (Former Toronto) Municipal Code Chapter 20, 

        Business Improvement Areas - Various Wards.



        The Economic Development Committee had before it a report (September 3, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:



        (1)    amendments be made to Schedule A Individual Boards of Management, of the (former

               Toronto) Municipal Code Chapter 20, Business Improvement Areas as set out in the

               attached Schedule A.  These changes are specific to Number of Members and Members

               Needed for Quorum and are highlighted by  Changes From and To ; 



        (2)    Council appoint the nominees listed in Appendix 1 of this report to the Boards of

               Management for Bloor/Bathurst-Madison, Eglinton Way, Greektown on the Danforth,

               Harbord Street, Kennedy Road, Queen/Broadview Village, Upper Village (York) and

               Weston Business Improvement Areas.  The term of office is to expire on November

               30, 2000, or as soon thereafter as successors are appointed.  Each of the named

               nominees meets the requirements of Section 220 of the Municipal Act, as amended;

               and



        (3)    the appropriate City officials be authorized and directed to take the necessary

               action to give effect thereto.



               On motion by Councillor Silva, the Committee recommended to Council the

               adoption of the aforementioned report, subject to the addition of the

               following recommendation:



                (4)    authority be granted for the introduction of the necessary bill in

                       Council to give effect thereto. .



                                       (Clause No. 9, Report No. 2)





13.     PATH - Promotion Link Inc. 

        Proposal for Public Access Terminal System.



        The Economic Development Committee had before it a report (September 3, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:



        (1)    the City of Toronto endorse the proposal by Promotions Link Inc. to introduce a

               Public Access Terminal System in the PATH walkway system, and provide Promotions

               Link Inc. with exclusive rights to use the name "PATH" and associated Official

               Marks for the purposes of a Public Access Terminal System for an interim period of

               three years; 



        (2)    the City of Toronto approve in principle the installation of prototype Public

               Access Terminals in City and/or Metro Hall at no cost to the City, and authorize

               staff to work with Promotions Link Inc. to identify appropriate locations and make

               the necessary arrangements; 

        (3)    Promotions Link Inc. also be given permission to use the PATH Official Marks on

               marketing and promotional material and on merchandise;



        (4)    in the event that no terminals have been installed anywhere in the walkway system

               and the system functional by the end of a twelve month period, that the

               Commissioner of Economic Development, Culture and Tourism be authorized to

               evaluate the progress and feasibility of the project and report to Council on the

               continued appropriateness of providing Promotions Link Inc. with exclusivity to

               the use of the Official Marks for the purposes of a  Public Access Terminal

               System;



        (5)    the appropriate officials be authorized and directed to undertake the necessary

               action to give effect thereto; and



        (6)    the Commissioner of Economic Development, Culture and Tourism and the City

               Solicitor be directed to negotiate, prepare and execute the appropriate

               agreement(s).



               On motion by Councillor Holyday, the Committee recommended to Council the

               adoption of the aforementioned report.



                                      (Clause No. 11, Report No. 2)





14.     Play Structures and Waterplay Areas.



        The Economic Development Committee had before it a joint report (September 2, 1998) from

        the Commissioner of Economic Development, Culture and Tourism and the Commissioner of

        Urban Planning and Development Services, recommending that the Government of Ontario be

        requested to consider regulating all public and private playgrounds, including their

        maintenance, through the Ontario Building Code Act using the C.S.A. Standards Z614-98 as

        the basis for such regulations.



               On motion by Councillor King, the Committee recommended to Council the

               adoption of the aforementioned joint report, subject to the addition of the

               following recommendation:



                (2)    that appropriate City officials be requested to proceed with the

                       assessment of playground equipment in City parks including a

                       program for equipment replacement and upgrades to meet standards on

                       a priority basis. 



                                      (Clause No. 12, Report No. 2)





15.     Federation of Canadian Municipalities and 

        the Multilateral Agreement on Investment.



        The Economic Development Committee had before it a report (July 14, 1998) from Councillor

        Layton, Don River, advising, for information, that the Federation of Canadian

        Municipalities (FCM) has been advised by the federal chief negotiator of the Multilateral

        Agreement on Investment, that the office of the Federal Minister for International Trade



        was considering a proposal to hold consultations in communities across the country with

        respect to the Multilateral Agreement on Investment; and stating that FCM staff will

        prepare a briefing note to municipalities once the consultative process has been defined

        by the Minister s office. 

               On motion by Councillor Cho, the Committee received the aforementioned

               report.



                           (Councillor Layton, Don River - September 22, 1998)



                                     (Clause No. 15(e), Report No. 2)



16.     Upper Village (York) Business Improvement Area (BIA) 

        - 1998 Operating Budget.



        The Economic Development Committee had before it a report (September 2, 1998) from the

        Chief Financial Officer and Treasurer, recommending that:



        (1)    the Economic Development Committee certify to City Council the expenditure

               estimates of the Upper Village (York) Business Improvement Area for the year 1998

               in the amount of $95,000.00;



        (2)    the expenditure estimates of the above Business Improvement Area be adopted; and



        (3)    a copy of this report be forwarded to the Budget Committee for its information.



               On motion by Councillor Giansante, the Committee:



               (i)     recommended to Council the adoption of Recommendations Nos. (1) and

                       (2) in the aforementioned report, subject to the addition of the

                       following recommendation:



                        (4)   that authority be granted for the introduction of

                              the necessary bill in Council to give effect

                              thereto. ; and



               (ii)    adopted Recommendation No. (3) of the aforementioned report.



               (Budget Committee;  Copy to:  Chief Financial Officer and Treasurer -

               September 21, 1998)



                                      (Clause No. 13, Report No. 2)





17.     Issuance of Tax Receipts for Toronto 2000.



        The Economic Development Committee had before it a communication (September 11, 1998) from

        the City Clerk, advising that the Millennium Task Force on September 9, 1998, recommended

        to the Economic Development Committee, and Council, the adoption of the report, dated

        September 3, 1998, from the Project Manager, Millennium Task Force, recommending:



                That the Chief Financial Officer and Treasurer, upon receipt of donations

               to the City which are accompanied by a request that the City use such

               monies to support Toronto 2000, report to City Council for instructions on

               the disbursement of any such monies. 



               On motion by Councillor King, the Committee recommended to Council, the

               adoption of the recommendation of the Millennium Task Force.

                                      (Clause No. 14, Report No. 2)

18.     Tree Maintenance Backlog.



        The Economic Development Committee had before it a report (September 9, 1998) from

        Councillor Pantalone, Trinity Niagara, expressing concern with the increasing backlog in

        maintenance service calls for trees on City of Toronto property (e.g., front yards);  and

        recommending that the Forestry Section prepare a report, in time for the 1999 budget

        cycle, such report to enumerate the city-wide service levels and what must be done in

        order to return any backlogs to an acceptable level.



               On motion by Councillor King, the Committee referred the aforementioned

               report to the Commissioner of Economic Development, Culture and Tourism,

               with a request that he report thereon to the Economic Development Committee

               for consideration with his Department s 1999 Operating Budget.



               (Commissioner of Economic Development, Culture and Tourism;  Copy to: 

               Councillor Pantalone, Trinity Niagara;  Mr. F. Kershaw, Director, Policy

               and Development, Economic Development, Culture and Tourism - September 23,

               1998)



                                     (Clause No. 15(g), Report No. 2)







19.     Milne House Garden Club Donation (Don Parkway).



        The Economic Development Committee had before it a report (September 2, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:



        (1)    the City acknowledge the generosity of the Milne House Garden Club for this

               donation that will enhance the Toronto Parks system;



        (2)    the $15,000.00 donation by the club be credited to the Milne Hollow capital

               account (account number CPC018); and



        (3)    the appropriate City officials take the necessary action to give effect thereto.



        Mrs. Gwen Gray and Mrs. Betty Crosby, Co-Chairs of the Milne Hollow Committee of the Milne

        House Garden Club presented a cheque to the City for the purpose of planting trees at

        Milne Hollow.



               On motion by Councillor King, the Committee recommended to Council the

               adoption of the aforementioned report.



                                       (Clause No. 1, Report No. 2)





20.     Todmorden Mills Wildflower Preserve Donation (East York).



        The Economic Development Committee had before it a report (September 2, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:



        (1)    the City acknowledge the generosity of the Todmorden Mills Wildflower Preserve for

               this donation that will enhance the Toronto parks system;

        (2)    the $20,000.00, as well as future donations by the organization, be credited to

               the Lower Don capital account (account number CPC044); and

        (3)    the appropriate City officials take the necessary action to give effect thereto.



        Mr. Ernie Baltz of the Todmorden Mills Wildflower Preserve presented a cheque to the City

        for the purpose of implementing site improvements at the Todmorden Mills Wetland.



               On motion by Councillor Giansante, the Committee recommended to Council the

               adoption of the aforementioned report.



                                       (Clause No. 2, Report No. 2)





21.     Millennium Task Force - Report to Council.



        The Economic Development Committee had before it a communication  (September 9, 1998) from

        the City Clerk advising that the Millennium Task Force on September 9, 1998, recommended

        to the Economic Development Committee, the Budget Committee, and Council, the adoption of

        the report, dated September 9, 1998, from Councillor Korwin-Kuczynski, Chair, Millennium

        Task Force, wherein it is recommended that:



        (1)    the City of Toronto, along with the rest of the world, celebrate the arrival of

               the millennium beginning with a New Year s Eve celebration marking the turn of the

               century, and continuing throughout the year 2000; the New Year s Levee on

               January 1, 2001 marking the arrival of the millennium;



               

        (2)    the City work co-operatively with Toronto 2000, an incorporated board of

               volunteers mandated to co-ordinate the involvement of community organizations, by

               sector, across the City;



               

        (3)    the City work closely with all groups/organizations planning special millennium

               celebrations;



        (4)    the City work with other levels of government to ensure that Toronto residents,

               organizations and agencies are informed of opportunities and programs available

               through the Provincial and Millennium offices;



        (5)    the City deliver its messages to all parts of the community by ensuring that each

               and every Ward Councillor is informed and involved in celebrating the millennium

               at the community level;



        (6)    the City approve, in principle, the establishment of a Millennium Grants Program

               so that community initiatives and potential legacy projects may be a significant

               part of Toronto s Millennium;



        (7)    the City establish a Millennium Project Revolving Account in the amount of

               $1,000,000.00, payable in advance pending formal budget approval, and that the

               proposed final millennium budget be submitted to Budget Committee for review;



        (8)    access and equity principles be considered a vital core of the millennium

               celebrations;



        (9)    Council give direction to all City departments and staff to provide full

               co-operation and in-kind support for the production of this celebration and the

               secondment of staff with associated budget dollars;

        (10)   the City immediately book appropriate venues such as Roundhouse Park, Bobby

               Rosenfeld Park, Metro Convention Centre, Casa Loma, for the Millennium

               celebrations; and



        (11)   City departments refer all Millennium related activities to the Millennium Task

               Force to avoid duplication.



        Councillor Chris Korwin-Kuczynski, Chair, Millennium Task Force, appeared before the

        Economic Development Committee in connection with the foregoing matter.



               On motion by Councillor Davis, the Committee recommended to the Budget

               Committee, the Strategic Policies and Priorities Committee, and Council,

               the adoption of the aforementioned report.



               (Budget Committee;  Copy to: Jaye Robinson, Director of Special Events,

               Economic Development, Culture and Tourism - September 21, 1998)



                                     (Clause No. 15(d), Report No. 2)





22.     International Aids Conference in 2004.



        The Economic Development Committee had before it a report (September 2, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:



        (1)    Council confirm its support, in principle, for Toronto as the host city for the

               International AIDS Conference in 2004;



        (2)    staff report to the next meeting of the Economic Development Committee on

               mechanisms whereby the City, in association with Federal, Provincial governments

               and the private sector, could provide a loan guarantee in the amount of $1.0

               million required to secure the AIDS 2004 conference;



        (3)    staff  report on the merits of developing a formal support program whereby the

               City, in association with Federal, Provincial governments and the private sector,

               could provide bid support for upcoming major convention bids; and



        (4)    the appropriate City Officials be authorized and directed to take the necessary

               action to give effect thereto.



        The Economic Development Committee also had before it during consideration of the

        foregoing matter the following communications:



        -      (August 31, 1998), addressed to Councillor Ashton, from Mr. Andrew M. Pringle,

               President, Canadian Foundation for AIDS Research (CANFAR), expressing CANFAR s

               support of Dr. Mark A. Wainberg s proposal to have Toronto chosen as the city to

               host the International Conference on AIDS in the year 2004; and



        -      (September 17, 1998) from The Honourable Alan Rock, Minister of Health, expressing

               support of the City of Toronto s application to host the 2004 World AIDS

               Conference.



        The following persons appeared before the Economic Development Committee in connection

        with the foregoing matter:

        -      Dr. Mark Wainberg, President, McGill AIDS Centre, Jewish General Hospital, and

               introduced the following community representatives:

               -       Mr. Ron Rosedale, Member, AIDS Committee of Toronto;

               -       Ms. Louise Binder, Chair, Voices of Positive Women; and

               -       Ms. Bluma Appel, Chairperson, Canadian Foundation for AIDS Research

                       (CANFAR); 



        -      Mr. Kirk Shearer, President and CEO, Tourism Toronto; and



        -      Dr. Sheela Basrur, Medical Officer of Health.



               On motion by Councillor Feldman, the Committee recommended to Council the

               adoption of the aforementioned report.



                                       (Clause No. 6, Report No. 2)





23.     City of Toronto Arts and Culture Grants 

        January to June 1998.



        The Economic Development Committee had before it a report (August, 1998) from

        Ms. Anne Collins, President, Toronto Arts Council, which covered the first six months in

        1998 (January 1 to June 30) and describes the economic impact of the City s financial

        investment in the arts community and the impressive array of new work, creativity and

        community animation which resulted.



        The following representatives of the Toronto Arts Council made an overhead presentation to

        the Economic Development Committee with respect to the City of Toronto Arts and Culture

        Grants, January to June, 1998, and filed a copy of their presentation material:



        -      Mr. Kim Tomczak, Vice-President, Toronto Arts Council;

        -      Ms. Yvonne Chiu, Board Member, Toronto Arts Council;

        -      Mr. Greg Cromwell, Board Member, Toronto Arts Council; and

        -      Mr. Tom Hendry, Q.C.



               (A)     Councillor Silva moved that the Committee receive the

                       aforementioned report and forward a copy thereof to City Council

                       for information. 



               (B)     Councillor Bussin moved that the following Recommendation No. 103

                       of the Toronto Transition Team be referred to the Commissioner of

                       Economic Development, Culture and Tourism with a request that he

                       submit a report to the Special Committee to Review the Final Report

                       of the Toronto Transition Team and that the Special  Committee 

                       forward its recommendation in this respect to the Economic

                       Development Committee for consideration and subsequent submission

                       to City Council:



                        Council should establish a new city-wide Toronto Arts Council as

                       an arm s length funding and peer review body to administer grants

                       to arts and cultural organizations, according to policy guidelines

                       established by Council. 



               Upon the question of the adoption of the foregoing motions (A) and (B), it

               was carried.

               (Commissioner of Economic Development, Culture and Tourism;  Copy to: Mr.

               F. Kershaw, Director, Policy and Development, Economic Development, Culture

               and Tourism;  Ms. R. Davies, Executive Director, Toronto Arts Council; 

               Special Committee to Review the Final Report of the Toronto Transition Team

               - September 23, 1998)



                                       (Clause No. 3, Report No. 2)





24.     Proposed Bank Mergers - Impact on Toronto as a Financial Centre

        and Legislation Respecting Canadian Financial Institutions.



        The Economic Development Committee had before it the following reports and communications:



        (i)    (September 15, 1998) from the Commissioner of Economic Development, Culture and

               Tourism, recommending that:



               (1)     City Council ask the Minister of Finance to consider the impact of the

                       proposed bank mergers on Toronto s status as an internationally competitive

                       financial centre when reviewing the mergers;



               (2)     the Managing Director of Economic Development monitor the public hearings

                       on the proposed bank mergers scheduled by the federal government in October

                       and November, and report to the Economic Development Committee as required;





               (3)     the Managing Director of Economic Development prepare a brief, based on

                       this report, to be forwarded to the Minister of Finance respecting the bank

                       mergers, and that the Mayor, or his designate, make a deputation at the

                       Commons and Senate hearings in Ottawa;



               (4)     the Economic Development Committee meet with representatives of small 

                       businesses and affected special interest groups to ensure their concerns

                       are identified and responded to in any future regulatory regimes;



               (5)     Council establish an on-going forum with the financial services sector

                       including all of the major banks in Toronto, to address the issues

                       surrounding the structural and technological changes occurring domestically

                       and nationally in the financial services industry.  These forums will

                       provide input to the City s Economic Development Strategy Plan; and



               (6)     the Economic Development Committee oversee a process for effectively

                       evaluating and responding to changes resulting from the proposed bank

                       mergers and other changes occurring in the financial services sector.



        (ii)   (September 17, 1998) from the Commissioner of Economic Development, Culture and

               Tourism regarding legislation respecting Canadian Financial Institutions;  and

               recommending that this report be received for information.



        (iii)  (March 30, 1998) from the City Clerk forwarding to the Economic Development

               Committee the action taken by the Urban Environment and Development Committee on

               March 23 and 24, 1998, which directed that the matter of the impact on Toronto of

               the proposed merger of the Royal Bank of Canada and the Bank of Montreal be

               referred to the first meeting of the Economic Development Committee, once it is established.



        (iv)   (August 12, 1998) from the City Clerk forwarding Clause No. 3 of Report No. 14 of

               The Strategic Polices and Priorities Committee, headed  Legislation Respecting

               Canadian Financial Institutions  and advising that City Council, at its meeting on

               July 29, 30 and 31, 1998 struck out and referred this Clause to the Economic

               Development Committee for consideration, with a request that the Commissioner of

               Economic Development, Culture and Tourism report thereon to the Economic

               Development Committee at the same time as the report is brought forward regarding

               the banking industry, which was previously requested by Councillor Moscoe.



        The following persons appeared before the Economic Development Committee in connection

        with the foregoing matter:



        -      Mr. Maurice Hudon, Executive Vice-President, Ontario Division, Bank of Montreal

               and Mr. George Gaffney, Executive Vice-President and General Manager, Metro

               Toronto, Royal Bank, and filed a written submission.



        At this point in the proceedings, having regard to the hour of 12:30 p.m., in accordance

        with subsection 11(1) of the Council Procedural By-law, the Committee decided to hold down

        further discussion of the foregoing matter and recess immediately, to reconvene at 2:00

        p.m.



                 (Matter held down for further discussion - also refer to Minute No. 25.)



        The Economic Development Committee recessed at 12:30 p.m.





        The Economic Development Committee reconvened at 2:13 p.m.



        Members Present:



                       Councillor Brian Ashton, Chair

                       Councillor Sandra Bussin

                       Councillor Raymond Cho

                       Councillor Rob Davis

                       Councillor Frank Faubert

                       Councillor Michael Feldman

                       Councillor Mario Giansante

                       Councillor Douglas Holyday

                       Councillor Norm Kelly

                       Councillor Joan King

                       Councillor Mario Silva





25.     Proposed Bank Mergers - Impact on Toronto as a Financial Centre

        and Legislation Respecting Canadian Financial Institutions.



        (Also see Minute No. 24.)



        The Committee resumed its consideration of the issue of the Proposed Bank Mergers - Impact

        on Toronto.



        The following persons also appeared before the Committee in connection with the foregoing

        matter:



        -      Ms. Judith Andrews and Mr. Ted Mallett, Canadian Federation of Independent

               Businesses, and filed a written submission;

        -      Mr. John Anderson, Vice Chair, Toronto Small Business Support Organization;



        -      Mr. John Banka, Toronto Small Business Support Organization;

        -      Mr. Warren Jestin, Senior Vice-President and Chief Economist, ScotiaBank, and

               filed a written submission;

        -      Mr. Bob Kelly, Vice-Chair, Retail Banking, Toronto-Dominion Bank and Mr. Mike

               Pedersen, Executive Vice-President, C.I.B.C. Branch Banking, and filed written

               submissions respectively;

        -      Mr. Rosario Marchese, MPP, Fort York; 

        -      Mr. Hugh Brown; and

        -      Councillor Howard Moscoe, North York Spadina.



        Ms. Brenda Librecz, Managing Director, Economic Development, gave an overhead presentation

        to the Committee with respect to the foregoing matter.



               (A)     Councillor Bussin moved that the Committee recommend to Council

                       that the Federal Government be advised that the proposed bank

                       mergers are not in the interest of the citizens of the City of

                       Toronto.



               (B)     Councillor Silva moved that the Committee recommend to Council the

                       adoption of the report (September 15, 1998) from the Commissioner

                       of Economic Development, Culture and Tourism, subject to striking

                       out Recommendation No. (3) embodied therein, and substituting in

                       lieu thereof the following:



                        (3)   It is recommended that the Managing Director of Economic

                              Development prepare a brief highlighting the importance to

                              Canada of Toronto as an internationally competitive

                              financial centre, and requesting the Federal Minister of

                              Finance to prepare short and long-term employment impact

                              assessments for the proposed bank mergers on Toronto and

                              Canada, and that the Mayor, or his designate, make a

                              deputation based on this brief to the Commons and Senate

                              Hearings on the report prepared by the Task Force on the

                              Future of the Canadian Financial Services Sector. 



               (C)     Councillor Giansante moved that the foregoing motion (B)

                       by Councillor Silva be amended by adding to the recommendations

                       embodied in the report (September 15, 1998) from the Commissioner

                       of Economic Development, Culture and Tourism the following

                       additional recommendation:



                        (7)   that the Brief to the Federal Minister of Finance:



                              (a)     outline the concerns of the City of Toronto

                                      and the safeguards required to remain a major

                                      financial centre; and



                              (b)     request the Federal Government to:



                                      (i)    support our efforts and programs to

                                             improve our infrastructure;

                                      (ii)   insist the Banks explore and

                                             evaluate other options;

                                      (iii)  retain current barriers for foreign

                                             ownership of Canadian financial

                                             institutions; and



                                      (iv)   support stronger controls to regulate

                                             tied (linked) selling of services. 

        At this point in the proceedings, on motion by Councillor Faubert, having regard to the

        hour of 5:59 p.m., in accordance with subsection 11(2) of the Council Procedural By-law,

        the Committee decided to waive the requirement of the 6:00 p.m. recess in order to

        complete the Agenda.



               (D)     Councillor King moved that:



                       (i)    Recommendation No. (3) embodied in the report

                              (September 15, 1998) from the Commissioner of

                              Economic Development, Culture and Tourism, be

                              amended by deleting therefrom, the words  based on

                              this report  and inserting in lieu thereof the words

                               outlining the City s reasons and concerns , so that

                              such recommendation now reads:



                               (3)    It is recommended that the Managing Director of

                                      Economic Development prepare a brief, outlining the

                                      City s reasons and concerns, to be forwarded to the

                                      Minister of Finance respecting the bank mergers, and

                                      that the Mayor, or his designate, make a deputation

                                      at the Commons and Senate hearings in Ottawa; ; and



                       (ii)   the foregoing motion (C) by Councillor Giansante be referred

                              to the Commissioner of Economic Development, Culture and

                              Tourism, for a report thereon directly to Council for its

                              meeting on October 1, 1998.



               (E)     Councillor Faubert moved that the Commissioner of Economic

                       Development, Culture and Tourism be requested to submit a report

                       directly to Council for consideration at its meeting on October 1,

                       1998, on appropriate conditions which Council could recommend to

                       the Federal Minister of Finance based on the recommendations

                       proposed by Mr. Banka, Toronto Small Business Support Organization

                       and by Mr. Rosario Marchese MPP, Fort York, which were presented to

                       the Economic Development Committee at its meeting on September 18,

                       1998:



                       Proposed by Mr. Rosario Marchese, MPP:



                        (1)   That a Financial Consumers Association be established which

                              could utilize the expertise of various lawyers, solicitors

                              and economists with funding provided from the banks via

                              their statement distribution;



                        (2)   that a mechanism be established (such as the

                              Community Reinvestment Act) which could allow access

                              to the banks credit information with a view to

                              achieving accountability; and



                        (3)   that membership on the Boards of Directors of Banks be

                              opened up to include representation from sectors such as

                              consumers, shareholders, financial consulting groups, etc.,

                              in order to make banks more accountable. 



               (F)     Councillor Cho moved that the foregoing motion (B) by Councillor

                       Silva be amended to provide that Recommendation No. (3) of the

                       report (September 15, 1998) from the Commissioner of Economic

                       Development, Culture and Tourism, be further amended to provide

                       that the requested brief be first submitted to the Economic

                       Development Committee for consideration and subsequent submission

                       to City Council.



        Councillor Ashton appointed Councillor Giansante Acting Chair of the Economic Development

        Committee and vacated the Chair.



               (G)     Councillor Ashton moved that the foregoing motion (F) by

                       Councillor Cho be referred to the Chair of the Economic Development

                       Committee with a request that he determine the feasibility thereof,

                       in consultation with the Commissioner of Economic Development,

                       Culture and Tourism.



        Councillor Ashton resumed the Chair.



               Upon the question of the adoption of the foregoing motion (G) by Councillor

               Ashton, it was carried.



               Upon the question of the adoption of the foregoing motion (B) by Councillor

               Silva, it was carried.



               The Chair, having regard to the foregoing decision of the Committee,

               declared Part (i) of the foregoing motion (D) by Councillor King,

               redundant.



               Upon the question of the adoption of Part (ii) of the foregoing motion (D)

               by Councillor King, it was carried.



               Upon the question of the adoption of the foregoing motion (E) by Councillor

               Faubert, it was carried.



               Upon the question of the foregoing motion (A) by Councillor Bussin, it was

               lost.



        In summary therefore, the decision of the Economic Development Committee is as follows:



        The Committee recommended to Council the adoption of the report (September 15, 1998) from

        the Commissioner of Economic Development, Culture and Tourism subject to striking out

        Recommendation No. (3) embodied therein and substituting in lieu thereof the following:



                (3)    It is recommended that the Managing Director of Economic Development

                       prepare a brief highlighting the importance to Canada of Toronto as an

                       internationally competitive financial centre, and requesting the Federal

                       Minister of Finance to prepare short and long-term employment impact

                       assessments for the proposed bank mergers on Toronto and Canada, and that

                       the Mayor, or his designate, make a deputation based on this brief to the

                       Commons and Senate Hearings on the report prepared by the Task Force on the

                       Future of the Canadian Financial Services Sector. 



        The Committee also:



        (1)    received the report (September 17, 1998) from the Commissioner of Economic

               Development, Culture and Tourism regarding Legislation Respecting Canadian

               Financial Institutions;

        (2)    referred the following motion by Councillor Giansante to the Commissioner of

               Economic Development, Culture and Tourism for a report thereon directly to Council

               for its meeting on October 1, 1998:



                        That the report (September 15, 1998) from the Commissioner of Economic

                       Development, Culture and Tourism be amended by adding thereto the following

                       additional recommendation:



                        (7)   that the Brief to the Federal Minister of Finance:



                              (a)     outline the concerns of the City of Toronto and the

                                      safeguards required to remain a major financial centre; and



                              (b)     request the Federal Government to:



                                      (i)    support our efforts and programs to improve our

                                             infrastructure;

                                      (ii)   insist the Banks explore and evaluate other options;

                                      (iii)  retain current barriers for foreign ownership of

                                             Canadian financial institutions; and

                                      (iv)   support stronger controls to regulate tied (linked)

                                             selling of services. 



        (3)    requested the Commissioner of Economic Development, Culture and Tourism to submit

               a report directly to Council for consideration at its October 1, 1998 meeting on

               appropriate conditions which Council could recommend to the Federal Minister of

               Finance based on the recommendations proposed by Mr. Banka, Toronto Small Business

               Support Organization and by Mr. Rosario Marchese MPP, Fort York, which were

               presented to the Economic Development Committee at its meeting on September 18,

               1998; and



         (4)   referred the following motion to the Chair of the Economic Development Committee

               for consultation with the  Commissioner of Economic Development, Culture and

               Tourism as to its feasibility:



                Moved by Councillor Cho:

                       That Recommendation No. (3) of the report (September 15,

                       1998) from the Commissioner of Economic Development, Culture

                       and Tourism, as amended, be further amended to provide that

                       the requested Brief to the Minister of Finance be first

                       submitted to the Economic Development Committee for

                       consideration and subsequent submission to City Council. 



               (Sent to: Chair, Economic Development Committee; Commissioner of Economic

               Development, Culture and Tourism;  Copy to:  Ms. B. Librecz, Managing

               Director, Economic Development Culture and Tourism;  Mr. F. Kershaw,

               Director, Policy and Development, Economic Development, Culture and

               Tourism;  Interested Persons - September 22, 1998)



                                       (Clause No. 4, Report No. 2)



26.     Proposed Use of Funds Generated 

        from Cash-in-lieu of Parkland Dedication.

        The Economic Development Committee had before it a report (September 8, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:

        (1)    the Chief Financial Officer and Treasurer be authorized to establish a city-wide

               reserve fund for cash-in-lieu of parkland collected by the City, as noted within

               this report;



        (2)    cash-in-lieu of parkland payments received prior to December 31, 1998 in respect

               of developments that have received planning  approvals prior to December 31, 1997

               be allocated for local expenditures as outlined in the report;



        (3)    the Budget Committee be advised with respect to the Committee s recommendations

               resulting from this report; and



        (4)    the appropriate City Officials be authorized and directed to take the necessary

               action to give effect thereto.



               On motion by Councillor Davis, the Committee recommended the adoption of

               the aforementioned report and forwarded its action in this respect to the

               Budget Committee for consideration and subsequent submission to City

               Council via the Strategic Policies and Priorities Committee.



               (Budget Committee;  Copy to:  Commissioner of Economic Development, Culture

               and Tourism;  Mr. F. Kershaw, Director, Policy and Development, Economic

               Development, Culture and Tourism - September 22, 1998)



                                     (Clause No. 15(f), Report No. 2)





27.     The Greater Toronto Marketing Alliance (GTMA).



        The Economic Development Committee had before it a report (September 1, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:



        (1)    the City of Toronto continue to support the activities of the Greater Toronto

               Marketing Alliance based on the concurrence of all members to the GTMA principles

               and protocols;



        (2)    that the City of Toronto undertake a review of our role with the GTMA after a

               period of one year in assessing benefits attributable to Toronto;



        (3)    $80,000.00 be paid to the GTMA by the City of Toronto Economic Development

               Division as the City s contribution to  cover operational costs of  the GTMA

               fiscal year July 1, 1998 to June 30, 1999;



        (4)    the Mayor of the City of Toronto or his designate be the political representative

               from the City to sit on the Board of Directors of the GTMA; and



        (5)    the appropriate City officials be authorized and directed to take the necessary

               action to give effect thereto.



               On motion by Councillor Silva, the Committee:



               (i)     recommended to Council the adoption of the report (September 1,

                       1998) from the Commissioner of Economic Development, Culture and

                       Tourism;

               (ii)    requested the Chair of the Economic Development Committee to invite

                       a representative from the Greater Toronto Marketing Alliance to

                       give a presentation to a future meeting of the Committee; and



               (iii)   requested representative(s) of the Greater Toronto Marketing

                       Alliance to meet with Councillor Giansante prior to Council s

                       meeting on October 1, 1998.



               (Sent to:  Mr. Kenneth Copeland, President and CEO, Greater Toronto

               Marketing Alliance; Commissioner of Economic Development, Culture and

               Tourism;  Copy to:  Chair, Economic Development Committee;  Vice-Chair,

               Economic Development Committee;  Ms. B. Librecz, Managing Director,

               Economic Development,  Mr. F. Kershaw, Director, Policy and

               Development, Economic Development, Culture and Tourism - September 23,

               1998)



                                       (Clause No. 5, Report No. 2)





28.     Urban Aboriginal Economic Development.



        The Economic Development Committee had before it a communication (July 21, 1998) from the

        City Clerk advising that the Task Force on Community Access and Equity at its meeting on

        July 16, 1998, recommended to the Economic Development Committee the adoption of the

        implementation strategy outlined in Appendix "A" of the joint report dated June 1, 1998

        from the Chief Administrative Officer and Executive Director of Human Resources, wherein

        it is recommended in part, that the Economic Development Committee and the Department of

        Economic Development, Culture and Tourism respond to the Task Force on Community Access

        and Equity and the Aboriginal Planning Group, regarding the following recommendations that

        the City of Toronto:



        (a)    determine the feasibility and establishment of a Toronto Urban Aboriginal Business

               Development Corporation;



        (b)    provide support for Aboriginal business networking by establishing links between

               Aboriginal suppliers and other levels of governments;



        (c)    examine and identify opportunities for Aboriginal businesses arising from

               privatization and/or the sale of assets;



        (d)    support the establishment of an Aboriginal business information centre and

               facilitate the funding for this centre in partnership with banks, the Province,

               the Government of Canada, and the Federation of Canadian Municipalities;



        (e)    with other funding partners, support the creation and maintenance of a directory

               of Aboriginal businesses in the Greater Toronto Area;



        (f)    with other funding partners, support the creation of an Aboriginal institute of

               education dedicated to business management;



        (g)    in partnership with banking institutions explore appropriate mechanisms to make

               information about business funding resources available at community agencies,

               e.g. business plans, loans;



        (h)    in partnership with banking institutions present educational business seminars

               with Aboriginal community agencies;

        (i)    initiate a process of consultation with banking institutions and other levels of

               government to develop a sustaining infrastructure of loans, services and trained

               Aboriginal staff to provide meaningful growth opportunities to Aboriginal people. 

               This should include exploring with financial institutions and other levels of

               government non-traditional ways to build the basic equity required of small

               businesses for procuring loans.  For example, the banks would review requirements

               of assets, securities, and collateral for issuing lines of credit for new

               entrepreneurs or small businesses. Further, the City of Toronto should communicate

               with banking institutions the need to provide training to their risk management

               staff in dealing with assessment of loan applications from Reserves;



        (j)    communicate its concerns to the Federal Minister of Industry Canada regarding the

               budget reduction of Aboriginal Business Canada from $80 million to $35 million,

               and request that this decision be reviewed and its budget revised;



        (k)    express to Aboriginal Business Canada and other levels of government the need for

               a loan fund for urban Aboriginal businesses located in the Greater Toronto Area;

               and



        (l)    in partnership with the federal and provincial governments, explore the need to

               establish an Aboriginal human resource centre that would provide Aboriginal

               employment telephone-hotlines and advertise employment opportunities in the local

               Aboriginal community.



               On motion by Councillor Faubert, the Committee deferred consideration of

               the aforementioned report and referred the recommendations contained

               therein to the Commissioner of Economic Development, Culture and Tourism

               with a request that he review the recommendations and submit a report

               thereon to the Economic Development Committee.





               (Commissioner of Economic Development, Culture and Tourism;  Copy to:  Mr.

               F. Kershaw, Director, Policy and Development, Economic Development Culture

               and Tourism;  Task Force on Community, Access and Equity - September 23,

               1998)



                                     (Clause No. 15(a), Report No. 2)





29.     Proposed Plan for Developing an Economic Development Strategy

        for the City of Toronto.



        The Economic Development Committee had before it a report (September 2, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that Council:



        (1)    endorse the proposed plan, process and timing for developing an economic

               development strategy for the City of Toronto, a key element of which will be the

               involvement of  the broader business community; 



        (2)    approve the creation of an Economic Development Strategy Steering Committee to

               oversee the process, to be chaired by the Chair of the Economic Development

               Committee and comprised of two other members of the Economic Development

               Committee, the Commissioner of Economic Development, the Managing Director of



               Economic Development and three representatives of Toronto s business community;

               and

        (3)    authorize and direct the appropriate City Officials to take the necessary action

               to give effect thereto.

               On motion by Councillor Silva, the Committee:



               (i)     recommended to Council the adoption of Recommendations Nos. (1) and

                       (3) embodied in the aforementioned report; and



               (ii)    referred Recommendation No. (2) embodied in the aforementioned

                       report to the Chair of the Economic Development Committee with a

                       request that he submit this Recommendation to Council for its

                       meeting on October 1, 1998 together with the names of two other

                       members of the Economic Development Committee for appointment to

                       the Economic Development Strategy Steering Committee.



               (Chair, Economic Development Committee;  Copy to: Commissioner of Economic

               Development, Culture and Tourism;  Ms. B. Librecz, Managing Director,

               Economic Development; Mr. F. Kershaw, Director, Policy and Development,

               Economic Development, Culture and Tourism - September 23, 1998)



                                       (Clause No. 7, Report No. 2)





30.     Proposed Contract Award - Arena and Major Facility 

        Advertising Program - Parks and Recreation Division.



        The Economic Development Committee had before it report (September 1, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending:



        (1)    a five year contract for the exclusive indoor advertising rights for arenas and

               major facilities within the Parks and Recreation Division be awarded to DM Media;



        (2)    this contract reflect the terms and conditions contained within the Request for

               Proposals in this report;



        (3)    the Commissioner of Economic Development, Culture and Tourism, the City Solicitor,

               and the Director of Purchasing, be directed to negotiate, prepare and execute the

               appropriate contract(s);



        (4)    the portion of annual revenues in excess of the $1,000,000.00 revenue budget

               requirement, be placed in a balance sheet account for basic improvement use by the 

               participating facilities; and



        (5)    the appropriate City officials take the necessary action to give effect thereto.



        The Committee also had before it a communication (September 17, 1998) from Mr. Andrew

        Hethrington, Vice President, MediaCo. Inc., expressing concern with the Request for

        Proposals (RFP) which was issued in respect of this contract;  and requesting that this

        matter be referred back to staff for further consideration



               On motion by Councillor Davis, the Committee deferred consideration of the

               aforementioned report to its next meeting on October 19, 1998, and referred

               the communication from the President, MediaCo. Inc. to the Commissioner of



               Economic Development, Culture and Tourism with a request that he review

               such communication and report back to the Committee at that time.

               (Commissioner of Economic Development, Culture and Tourism;  Copy to:  Mr.

               F. Kershaw, Director, Policy and Development, Economic Development, Culture

               and Tourism;  Mr. A. Hethrington, Vice President, MediaCo. Inc.; 

               Interested Persons - September 23, 1998)



                                     (Clause No. 15(c), Report No. 2)





31.     Fashion Industry Liaison Committee 

        Membership and 1997/1998 Activities.



        The Economic Development Committee had before it a report (September 3, 1998) from the

        Commissioner of Economic Development, Culture and Tourism, recommending that:



        (1)    the membership of the Fashion Industry Liaison Committee be approved, as outlined

               in Appendix B, to reflect changes amongst participating member organizations;



        (2)    a member of the Economic Development Committee be appointed to Co-Chair the

               Fashion Industry Liaison Committee, together with Councillor Olivia Chow

               (Councillor Chow represents Ward 24, which contains the City s King-Spadina

               Fashion District); and



        (3)    the appropriate City officials be authorized and directed to take the necessary

               action to give effect thereto.



               On motion by Councillor Faubert, the Committee:



               (i)     recommended to Council the adoption of Recommendations Nos. (1) and

                       (3) embodied in the aforementioned report subject to Recommendation

                       No. (1) being amended to read:



                        (1)   the membership of the Fashion Industry Liaison Committee be

                              approved as outlined in Appendix B appended to this report,

                              to reflect changes amongst participating organizations, and

                              that such persons be appointed for the period ending

                              November 30, 2000, and until their successors are

                              appointed. ; and



               (ii)    referred Recommendation No. (2) embodied in the aforementioned

                       report to the Chair of the Economic Development Committee with a

                       request that he submit this recommendation to Council for its

                       meeting on October 1, 1998 together with the name of a member of

                       the Economic Development Committee for appointment as Co-Chair to

                       the Fashion Industry Liaison Committee.



               (Chair, Economic Development Committee;  Copy to:  Commissioner of Economic

               Development, Culture and Tourism;  Ms. B. Librecz, Managing Director,

               Economic Development;  Mr. F. Kershaw, Director, Policy and Development,

               Economic Development, Culture and Tourism - September 23, 1998)



                                      (Clause No. 10, Report No. 2)





32.     Municipal Conflict of Interest.



        The Economic Development Committee had before it a report (September 16, 1998) from the

        City Solicitor, reporting as requested by Council at its meeting held on July 8, 9 and 10,

        1998, on the Mayor s ability to participate as the Chief Executive Officer for the City of

        Toronto, on the Board of Directors of the Bid Committee [Toronto 2008 Olympic Bid

        Corporation] given the composition of the Bid Committee;  advising that the Mayor, by

        virtue of being a director of the bid corporation, does not have a financial interest in

        that corporation, and the Municipal Conflict of Interest Act would not restrict him from

        participating in the corporation as a member of its Board of Directors;  and recommending

        that this report be received for information.



               On motion by Councillor Faubert, the Committee received the aforementioned

               report.



                     (City Solicitor;  Copy to:  Mayor Lastman - September 23, 1998)



                                     (Clause No. 15(h), Report No. 2)









        The Committee adjourned its meeting at 6:45 p.m.











                                                                                                  

                                                                           Chair.



 

   
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