Meeting of Directors - December 19, 2013
Meeting Info
Date:Wednesday, December 18, 2013
-
Agenda
-
Meeting Minutes
Members
Members
- Alan Heisey, QC
- Maureen Adamson
- Vincent Crisanti
- Glenn DeBaeremaeker
- Nick DiDonato
Declaration 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 Nil
Confidential attachments (TTC Procedures By-law Section 29 and City of Toronto Act Section 190 (2))
Education/Training (TTC Procedural By-Law Section 29(B) and City of Toronto Act Section 190 (3.1)
Minutes of the Previous Meeting
Business Arising Out of Minutes
Nil.
Public Presentations
Requests to speak must be registered by 12:00 Noon of the business day preceding meeting day.
Notices of Motions
Nil.
Motions Without Notice
Nil.
Items of Which Notice has Previously Been Given
Nil.
Items Deferred From Last Meeting to Permit Debate/Public Presentation
Nil.
1. Reports with Confidential Attachments (Committee Of The Whole)
Nil.
2. Presentations
Nil.
3. Other Business
1. 2014 Operating Budget (For Action)
4. New Business
Nil.
5. Correspondence
A correspondence summary will be distributed at the meeting.
A meeting of the Directors of the Toronto Coach Terminal Inc. was held at 11:44 a.m. in Committee Room 2, 2nd Floor, Toronto City Hall, 100 Queen Street West, Toronto, Ontario for the purpose of discussing business related to the Company.
Present
Present were J. Parker and P. Milczyn, K. Stintz, M. Adamson, M. Augimeri, Nick Di Donato (Directors - TCTI), V. Rodo (TCTI President/General Secretary), B. Leck (TCTI Vice-President and General Counsel), P. Buttigieg (TCTI Treasurer), , A. Byford (TTC CEO), K. Lee (Head of Commission Services) and D. McDonald (Co-ordinator – Secretariat Services) were present.
J. Parker was in the Chair.
Reports
Minutes of Previous Meetings
The Board of Directors reviewed and approved the minutes from Meeting No. 150 and Meeting No. 152 and authorized the Chair and General Secretary to sign the same.
3. Other Business
- 2014 Operating Budget
It is recommended that the Board approve the 2014 Operating Budget for the Toronto Coach Terminal Inc. (TCTI) as set out in the report.
Approved - Financial Report for Toronto Coach Terminal Inc. for the Accounting Period Ending November 2, 2013
It is recommended that the Board receive for information the Financial Report for Toronto Coach Terminal Inc. for the accounting period ending November 2, 2013.
Approved - PricewaterhouseCoopers LLP 2012 Management Letter – Follow-up Report
It is recommended that the Board:- Receive the attached follow-up report on the PricewaterhouseCoopers LLP (“PWC”), management letter, for information; and
- Approve the forwarding of TCTI’s response to PWC’s management letter in a combined report to the TTC Board and the Audit Committee of the City of Toronto.
Approved
- Proxy to Vote Toronto Coach Terminal Inc. Shares in TTC Insurance Company Limited
It is recommended that the Board approve the attached 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 2014.
Approved - Appointments – TCTI Audit Committee
The TCTI Board of Directors approved the reappointment of J. Parker (Chair), P. Milczyn and G. De Baeremaker to the TCTI Audit Committee.