Vote on Item CC37.1 - Streetcar Funding

City Council has approved item CC37.1

1. City debt financing replace the one third federal funding budgeted for a total City debt funding amount of $834 million for the TTC Capital Project No. CTT122 “Purchase of 204 Light Rail Vehicles (LRVs)”.

2. In order to not increase the net debt for the City of Toronto’s 2009 to 2018 Capital Plan, Council authorize the reallocation of debt funding in the amount of $417 million from TTC capital projects that are to be deferred beyond 2018, as outlined in Appendix A of the attached communication from the Chief General Manager of the TTC.

3. Council authorize the City Manager and the Deputy City Manager and Chief Financial Officer to take the necessary actions to give effect thereto.

Vote on adopting the foregoing:


Ainslie, Paul
N/A
Ashton, Brian
YES
Augimeri, Maria
YES
Bussin, Sandra
YES
Carroll, Shelley
YES
Cho, Raymond
YES
Davis, Janet
YES
De Baeremaeker, Glenn
YES
Del Grande, Mike
YES
Di Giorgio, Frank
YES
Feldman, Mike
N/A
Filion, John
YES
Fletcher, Paula
YES
Ford, Rob
NO
Giambrone, Adam
YES
Grimes, Mark
YES
Hall, Suzan
YES
Heaps, A.A.
YES
Holyday, Doug
NO
Jenkins, Cliff
NO
Kelly, Norman
YES
Lee, Chin
YES
Lindsay Luby, Gloria
YES
Mammoliti, Giorgio
N/A
McConnell, Pam
YES
Mihevc, Joe
YES
Milczyn, Peter
YES
Miller, David
YES
Minnan-Wong, Denzil
YES
Moeser, Ron
YES
Moscoe, Howard
YES
Nunziata, Frances
YES
Ootes, Case
NO
Palacio, Cesar
YES
Pantalone, Joe
YES
Parker, John
YES
Perks, Gord
YES
Perruzza, Anthony
YES
Rae, Kyle
YES
Saundercook, Bill
YES
Shiner, David
NO
Stintz, Karen
YES
Thompson, Michael
YES
Vaughan, Adam
YES
Walker, Michael
NO