Board Meeting - June 24, 2002

B. Ashton, B. Disero, D. Miller, H. Moscoe, N. Kelly, S. Shaw, D. Shiner, J. Flint and P. Li Preti (Commissioners), R. Ducharme (Chief General Manager), G. Webster (General Manager – Operations), V. Rodo (General Manager - Executive & General Secretary), J. Sepulis (General Manager - Engineering & Construction), L. Hilborn (Deputy General Manager - Corporate), B. Leck (General Counsel), M. Roche (Chief Financial Officer), W. Buffett (Assistant General Secretary), F. Stanois (Coordinator - Secretariat Services) were present.

V. Rodo, General Secretary was in the Chair.

Nil

1. Declaration of Appointed Office

The City of Toronto Council appointed B. Ashton, B. Disero, D. Miller, H. Moscoe, N. Kelly, S. Shaw, D. Shiner, J. Flint and P. Li Preti as members of the Toronto Transit Commission.

B. Leck, General Counsel administered the Declaration of Appointed Office to the Commissioners, copies attached hereto.
V. Rodo, General Secretary then declared the Commission duly constituted.

2. Election of Chair and Vice-Chair

V. Rodo, General Secretary called for nominations for Chair.
Commissioner Kelly, seconded by Commissioner Li Preti, nominated Commissioner Disero.

Commissioner Moscoe, seconded by Commissioner Miller, nominated Commissioner Ashton.

With No Further Nominations, The V. Rodo, General Secretary Closed The Nominations And Called For A Vote.

Commissioner / Vote

Commissioner Disero / Commissioner Disero

Commissioner Shiner

Commissioner Flint

Commissioner Li Preti

Commissioner Kelly

Commissioner Shaw

Commissioner Ashton / Commissioner Ashton

Commissioner Miller

Commissioner Moscoe

On A Vote Of 6 - 3, V. RODO, The General Secretary Declared Commissioner Disero As Chair Of The Toronto Transit Commission.

V. Rodo, General Secretary then called for nominations for Vice-Chair.

Commissioner Moscoe, seconded by Commissioner Disero, nominated Commissioner Shaw.

With No Further Nominations, The V. Rodo, General Secretary Closed The Nominations And Declared Commissioner Shaw As Vice-Chair Of The Toronto Transit Commission.

Commissioner Disero Then Assumed The Chair For The Remainder Of The Meeting.

Commissioner Kelly Moved That The Commission Recognize And Thank Brian Ashton And Mario Silva For Their Hard Work And Contributions During Their Tenure As Chair And Vice-Chair Respectively.

The Commission Approved Commissioner Kelly's Motion.

3. Appointment of Litigation Sub-Committee

The Commission had before it a report dated June, 2002, entitled, "Appointment of Litigation Sub-Committee."

On Motion Of Commissioner Miller, The Commission Appointed Commissioner Miller, Commissioner Ashton And Commissioner Kelly, As Members Of The Litigation Sub-Committee.

4. Appointment of Audit Committee

The Commission had before it a report dated June, 2002, entitled, "Appointment of Audit Committee."

On Motion Of Chair Disero, The Commission Appointed Chair Disero, Commissioner Flint, Commissioner Miller, And Commissioner Moscoe As Members Of The Audit Committee.

Commissioner Miller Moved That Staff Be Requested To Bring Forward A Report At The July 10, 2002 Commission Meeting With Recommendations Concerning The Budget Process, Including The Following:

• A Budget Schedule;
• Formation Of A Budget Committee, As Well As The Possiblity Of Cross Membership Between The Budget Committee And Audit Committee; And
• A List Of Possible Areas Of Interest Where It May Be Appropriate To Establish Further Commission Sub-Committees.

a) Advertising Review Committee

On Motion Of Chair Disero, The Commission Appointed Vice-Chair Shaw, Chair Disero And Commissioner Kelly As Members Of The Advertising Review Committee.

The meeting adjourned at 12:50 p.m.