City Council on February 23, 24 and 25, 2009, adopted the following:

 

1.         City Council adopt and certify the 2009 expenditure requests and levy requirements of the following Business Improvement Areas:

 

Business Improvement Area	2009 Expenditure Estimates ($)	2009 Levy Funds Required ($)
Fairbank Village	107,492	0
Kennedy Road	338,594	245,507
Little Italy	391,874	292,374
The Eglinton Way	268,620	241,836
York-Eglinton	227,252	147,607

 

The Economic Development Committee recommends that:

 

1.         City Council adopt and certify the 2009 expenditure requests and levy requirements of the following Business Improvement Areas:

 

Business Improvement Area	2009 Expenditure Estimates ($)	2009 Levy Funds Required ($)
Fairbank Village	107,492	0
Kennedy Road	338,594	245,507
Little Italy	391,874	292,374
The Eglinton Way	268,620	241,836
York-Eglinton	227,252	147,607

 

This report brings forward Business Improvement Area (BIA) annual operating budgets for approval by Council as required by the City of Toronto Act, 2006.  Council approval is required to permit the City to collect funds through the tax levy on behalf of the BIAs.

 

Complete budgets and supporting documentation received by January 20, 2009, have been reviewed and are reported herein; BIA Operating Budgets received after this date will be brought forward in later reports.  Of the 68 established BIAs, 22 BIA budgets were approved by City Council on December 1-3, 2008, in Report No. 1; 36 BIA budgets are pending Council approval on January 27, 2009, in Report No. 2; five BIA budgets are submitted for approval in this report; four BIAs have yet to submit their operating budgets; and one BIA is inactive.

 

The recommendations reflect 2009 Operating Budgets approved by the respective BIAs' Boards of Management and have been reviewed by City staff to ensure BIA budgets reflect Council's approved policies and practices.

City Council on February 23, 24 and 25, 2009, adopted the following:

 

1.         City Council approve additions and deletions to the Fairbank Village BIA Board of Management as set out in Attachment 1 of the report.

 

2.         Schedule A of the Municipal Code Chapter 19, Business Improvement Areas, be amended to reflect changes to the BIA Board of Management.

The Economic Development Committee recommends that:

 

1.         City Council approve additions and deletions to the Fairbank Village BIA Board of Management as set out in Attachment 1 of the report.

 

2.         Schedule A of the Municipal Code Chapter 19, Business Improvement Areas, be amended to reflect changes to the BIA Board of Management.