Meeting of Directors - June 24, 2014
Meeting Info
Date:Monday, June 23, 2014
-
Agenda
-
Meeting Minutes
Members
Members
- Commissioner John Parker
- Commissioner Maria Augimeri
- Commissioner Raymond Cho
- Commissioner Glenn De Baeremaeker
- Commissioner Josh Colle
- Commissioner Peter Milczyn
- Commissioner Karen Stintz
- Commissioner Maureen Adamson
- Commissioner Anju Virmani
- Commissioner Nick Di Donato
- Commissioner Alan Heisey
Members
Members
- Commissioner John Parker
- Commissioner Maria Augimeri
- Commissioner Raymond Cho
- Commissioner Glenn De Baeremaeker
- Commissioner Josh Colle
- Commissioner Peter Milczyn
- Commissioner Karen Stintz
- Commissioner Maureen Adamson
- Commissioner Anju Virmani
- Commissioner Nick Di Donato
- Commissioner Alan Heisey
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
Education/Training (TTC Procedural By-Law Section 29(B) and City of Toronto Act Section 190 (3.1)
Nil
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. Consolidated Financial Statements of TCTI Year Ended Dec 31 2013 (For Action)
2. Financial Report for TCTI for the Year Ending December 31 2013 (for Information)
3. Financial Report for TCTI for the Accounting Period ending May 3 (For Information)
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 10:40 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
J. Parker (Chair), M. Augimeri, A. Virmani, M. Adamson, R. Cho, A Heisey, (Directors) M. Roche (TTC Head of Finance/Treasurer), B. Leck (Vice-President and General Counsel), P. Buttigieg (Treasurer), K. Lee (TTC Head of Commission Services) and D. McDonald (Co-Ordinator – Corporate Secretariat) were present.
M. Roche was in the Chair.
In This Section
Minutes of Previous Meetings
The Board reviewed and approved the minutes of the Meeting of Directors No. 153 held on Thursday, December 19, 2013 and authorized the Chair and General Secretary to sign the same.
3. Other Business
1. Consolidated Financial Statements of Toronto Coach Terminal Inc. for the Year Ended December 31, 2013
The Board:
(i) Approved the financial statements of the Toronto Coach Terminal Inc. (TCTI) for the year ended December 31, 2013; and
(ii) Approved forwarding a copy of the approved consolidated financial statements to the Shareholder for information; and to the City Manager, in accordance with the May 8, 2012 City Council directive.
2. Financial Report for Toronto Coach Terminal Inc. for the Accounting Periodending December 31. 2013
A discussion took place regarding the implicit subsidy provided to the tenants of the Toronto Coach Terminal and whether staff had assessed the market rent and market value as well as the redevelopment opportunities for the TCTI property. Staff agreed to include this information in a future report.
Upon conclusion of the discussion, the Board moved to receive the Financial Report for Toronto Coach Terminal Inc. (TCTI) for the accounting period ending December 31, 2013 for information.
3. Financial Report for Toronto Coach Terminal Inc. for the Accounting Period ending May 3, 2014
The Board received the Financial Report for Toronto Coach Terminal Inc. (TCTI) for the accounting period ending May 3, 2014 for information.