Meeting of Directors - January 18, 2017

Nil

Nil

Requests to speak must be registered by 12:00 Noon of the business day preceding meeting day.

A correspondence summary will be distributed at the meeting.

A meeting of the TCTI Directors was held at 10:09 a.m. on Wednesday, January 18, 2017 in Council Chamber, Toronto City Hall, 100 Queen Street West, Toronto, Ontario in order to discuss business related to the Company.

V. Crisanti (Chair), G. De Baeremaeker (Vice-Chair), J. Campbell, J. Colle, J. De Laurentiis, M. Fragedakis, A. Heisey, Q.C., R. Lalonde, J. Mihevc, D. Minnan-Wong, (TCTI Directors), V. Rodo (TCTI President and General Secretary), A. Byford (TTC Chief Executive Officer), B. Leck (TCTI Vice-President and General Counsel), R. Leary (Chief Service Officer), S. Reed Tanaka (Chief Capital Officer), B. Ross (Executive Director of Corporate Communications), J. Taylor (Chief of Staff),  J. Ross (Acting Deputy Chief Operating Officer), K. Watson (Deputy Chief Service Officer), P. Kraft (Head of Property, Planning & Development),  M. Piemontese (Acting Head – Materials & Procurement), K. Lee (Head of Commission Services) and C. Finnerty (Co-ordinator – Secretariat Services) were present.

The Board of Directors reviewed and approved the minutes of the Special Meeting of Directors No. 164 held on held on Tuesday, May 31, 2016 and the Meeting of Directors No. 166 held on Tuesday, May 31, 2016 and authorized the Chair and General Secretary to sign the same.

1. Financial Report of Toronto Coach Terminal Inc. for the Accounting Period ending   November 26, 2016.

The Board received the Financial Report for Toronto Coach Terminal Inc. (TCTI) for the accounting period ending November 26, 2016.

2. Election of Chair and Vice-Chair

The Board elected R. Byers as Chair of TCTI and M. Fragedakis as Vice-Chair.

3. Toronto Coach Terminal Inc. (TCTI) – Appointment of Officers

Director Colle moved that Part 3 of the recommendation in the staff report be amended by striking out Paul F. Buttigieg (pending retirement) and adding in his place Mike Roche (TTC Head of Finance & Treasurer) to the position of TCTI Treasurer.

The motion by Chair Colle carried and the Board subsequently adopted the recommendation in the staff report, as amended.  

 

4. GACCTO Lease Extension

 Director Mihevc moved the following motion:

That this item be referred to staff for a report back to the TTC Board on the future of the Coach Terminal and its lease, with consideration to all associated planning requirements for the site, and in consultation with Build Toronto. 

The motion by Director Mihevc carried.

The item was received, as amended.

5. 2017 Toronto Coach Terminal Inc. Operating Budget

The Board of Directors approved the 2017 Operating Budget for the Toronto Coach Terminal Inc. as set out in the report.

The meeting adjourned at 10:24 a.m.