Meeting of Directors - December 12, 2011

Declarations Of Interest - Municipal Conflict Of Interest Act

Resolution to conduct a portion of the meeting in the absence of the Public (Committee of the Whole) in accordance with Section 29 of the TTC By-Law to Govern Commission Proceedings and Section 190 of the City of Toronto Act

Confidential Attachments (TTC Procedural By-Law Section 29 and City of Toronto Act Section 190 (2)

(a) TCTI Proposal to Lease 
(This report is about a proposed or pending acquisition or disposition of land for municipal or local board purposes

Nil

Special Meeting of Directors No. 137 - Tuesday, June 21, 2011

Meeting of Directors No. 139 - Tuesday, June 21, 2011

Nil.

Nil.

Nil.

Nil.

Nil.

• TCTI Proposal to Lease (FOR ACTION)(This report is about a proposed or pending acquisition or disposition of land for municipal or local board purposes) 

Nil.

• 2012 Operating and Capital Budgets (FOR ACTION) 
• Financial Report for Toronto Coach Terminal Inc. for the Accounting Period Ending October 1, 2011 (FOR INFORMATION) 
• Proxy to Vote Toronto Coach Terminal Inc. Shares in TTC Insurance Company Limited (FOR ACTION)

Nil.

A meeting of the Directors of Toronto Coach Terminal Inc. was held at 2:40 p.m. in Committee Room 2, 2nd Floor, Toronto City Hall, 100 Queen Street West, Toronto, Ontario.

D. Minnan-Wong (Chair), J. Parker (Vice-Chair), V. Crisanti, F. Di Giorgio, N. Kelly, P. Milczyn, C. Palacio, and K. Stintz (Directors), G. Webster (President), V. Rodo (Vice-President & General Secretary), B. Leck (General Counsel), M. Roche (Chief Financial Officer -TTC), P. Buttigieg (Treasurer), D. Garisto (Director – Terminal Operations), C. Russell, M. Walsh and S. Richardson (PricewaterhouseCoopers) and  F. Stanois (Co-ordinator – Corporate Secretariat Services) were present.

D. Minnan-Wong was in the Chair.

NIL

Chair Minnan-Wong moved that the Commission recess to meet as the Committee of the Whole to deal with litigation or potential litigation matters, labour relations, employee negotiations, and to receive advice which is subject to solicitor-client privilege.

The motion by Chair Minnan-Wong carried.

Special Meeting of Directors No. 137

• Tuesday, June 21, 2011

The Board reviewed and approved the minutes of the above mentioned meeting and authorized the Chair and General Secretary to sign the same.

Meeting of Directors No. 139

• Tuesday, June 21, 2011

The board reviewed and approved the minutes of the above mentioned meeting and authorized the Chair and General secretary to sign the same.

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1. Reports With Confidential Attachments (Committee Of The Whole)

(a) TCTI Proposal to Lease

The Board of Directors:

1. Authorized the recommendation as set out in the confidential attachment; and
2. The information in the confidential attachment remain confidential until such time as any agreements arising out of this approval are executed.

2. Presentations

NIL

3. Other Business

(a) 2012 Operating and Capital Budgets

The Board approved the 2012 Operating Budget and the 2012 Workforce, noting that the Operating Budget reflects the continuation of the status quo operation of the terminal and there are no capital requests for 2012.
(b) Financial Report for the Toronto Coach Terminal Inc.
For the Accounting Period Ending October 1, 2011

The Board received for information the financial report for Toronto Coach Terminal Inc. for the accounting period ending October 1, 2011.
 
(c) Proxy to Vote Toronto Coach Terminal Inc.
Shares in TTC Insurance Company Limited

The Board approved the proxy to exercise the 970 Toronto Coach Terminal Inc. shares in TTC Insurance Company Limited for any shareholders meeting that is held during the year 2012.

4. New Business

NIL

5. Correspondence

NIL

The meeting adjourned at 3:20 p.m.