Commit to funding the City's share of the cost of construction of a Scarborough Subway by:
(a) Directing the Deputy City Manager and Chief Financial Officer to prepare a Development Charge By-law to include the City's share of capital costs in respect of the Scarborough Subway project for Council consideration in 2014
(b) Requesting the Province of Ontario to make appropriate amendments to the Development Charges Act for the purposes of the Scarborough Subway Project similar to those made by the Province for the Toronto York Spadina Subway Extension project
(c) Requesting the Federal Government to contribute Toronto's fair share of federal funding under the P3 Canada Fund, the Building Canada Fund and all other available sources of federal funding for the construction of the Scarborough Subway.
(d) Committing to a property tax increase over three years, dedicated to funding a Scarborough Subway, in an amount between 1.1% and 2.4% (depending upon the amount of funding received through Recommendations B(2)(a) and (c)), on the residential property class, and 1/3 of such a rate increase on the non-residential property classes (in accordance with current City policy), starting with a minimum tax rate increase in 2014 of 0.5% on the residential property class, together with the corresponding 1/3 rate increase on the non-residential property classes, with the balance of the residential and non-residential three year rate increase to be phased-in in the years 2015 and 2016.