City of Toronto Logo Decision Letter

 



Budget Committee


Meeting No. 44   Contact Kelly McCarthy, Committee Administrator
Meeting Date Wednesday, October 2, 2013
  Phone 416-392-4666
Start Time 9:30 AM
  E-mail buc@toronto.ca
Location Committee Room 1, City Hall
  Chair   Councillor Frank Di Giorgio  

BU44.1 

ACTION

Adopted 

 

Ward:9 

Adjustments to the 2013 Emergency Medical Services' Capital Budget
Committee Decision

The Budget Committee recommends to the Executive Committee that:

 

1.         City Council authorize the creation of one sub-project and increase funding in Emergency Medical Services' 2013 Approved Capital Budget in the amount of $3.950 million, with funding provided by the Land Acquisition Reserve Fund (XR1012), for the purchase of land at 1300 Wilson Avenue.

Origin
(September 18, 2013) Report from the Chief Corporate Officer and Chief, Emergency Medical Services
Summary

The purpose of this report is to seek City Council authority to amend the 2013 Emergency Medical Services Approved Capital Budget to create a new capital sub‑project for land purchase in the amount of $3.950 million. This adjustment will utilize funds from the Land Acquisition Reserve Fund (LARF) and will result in zero impact on City debt funding levels.

 

The land purchase sub-project will be utilized for the construction of a multi-function station capital project that was approved by City Council in 2013 at the 170 Plewes Road site, this site is no longer available due to other portfolio efficiency initiatives.

Background Information
(September 18, 2013) Report from the Chief Corporate Officer and Chief, Emergency Medical Services on Adjustments to the 2013 Emergency Medical Services' Capital Budget
(http://www.toronto.ca/legdocs/mmis/2013/bu/bgrd/backgroundfile-61830.pdf)