Meeting of Directors - February 27, 2019
Meeting Info
Date:Wednesday, February 27, 2019
Location:Committee Room 2 Toronto City Hall, 100 Queen Street West
Meeting No:178
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Agenda
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Meeting Minutes
Members
Members
Members
Members
Declaration of Interest - Municipal Conflict of Interest Act
Education/Training (TTC Procedural By-Law Section 29(B) and City of Toronto Act Section 190 (3.1)
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Minutes of the Previous Meeting
Business Arising Out of Minutes
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Public Presentations
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Notices of Motions
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Motions Without Notice
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Items of Which Notice has Previously Been Given
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Items Deferred From Last Meeting to Permit Debate/Public Presentation
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Presentations/Reports/Other Business
- Election of Chair and Vice-Chair (For Action)
- Election of Audit Committee Members and Committee Chair (For Action)
- Appointment of Officers (For Action)
- Financial Report for TCTI for the Account Period Ending December 1, 2018 (For Information)
- 2019 Operating Budget for the Toronto Coach Terminal Inc. (For Action)
- Proxy to Vote Toronto Coach Terminal Inc. Shares in TTC Insurance Company Limited (For Information)
1. Reports with Confidential Attachments
Nil
2. Presentations
3. Other Business
Nil
4. New Business
Nil
5. Correspondence
A correspondence summary will be distributed at the meeting.
Present
Minutes will be available one week after the meeting.
Reports
Minutes of Previous Meetings
The Board of Directors reviewed and approved the minutes of the Meeting of Directors No. 176 held on Thursday, June 12, 2018.and authorized the Chair and General Secretary to sign the same.
Presentations/Reports/Other Business
1. Election of Chair and Vice-Chair
A. Heisey nominated D. Minnan-Wong to the position of Chair and nominated himself to the position of Vice-Chair.
On a majority vote of Directors present, the motion by A. Heisey carried.
2. Election of Audit Committee Members and Committee Chair
J. Robinson moved the following motion:
That the Audit Committee be composed of A. Heisey, J. De Laurentiis and R. Lalonde with R. Lalonde as Chair.
The motion by J. Robinson carried.
3. Toronto Coach Terminal Inc. (TCTI) – Appointment of Officers
It is recommended that the Board of Directors appoint:
Dan Wright, TTC Chief Financial Officer, to the position of President and General Secretary;
Brian Leck, TTC Head of Legal and General Counsel, to the position of Vice-President and General Counsel;
Stephen Conforti, TTC Head – Finance & Treasurer, to the position of Treasurer.
Approved
4. Financial Report for TCTI for the Accounting Period Ending December 1, 2018
The TCTI Directors received this item for information.
5. 2019 Operating Budget for the Toronto Coach Terminal Inc.
It is recommended that the Board of Directors:
Approve the 2019 Operating Budget for the TCTI as set out in this report.
Approved
6. Proxy to Vote Toronto Coach Terminal Inc. Shares in TTC Insurance Company Limited
It is recommended that the Board of Directors
Approve the attached Proxy to exercise 970 Toronto Coach Terminal Inc. shares in TTC Insurance Company Limited.
Approved
The meeting adjourned at 9:47 a.m.
A. Heisey nominated D. Minnan-Wong to the position of Chair and nominated himself to the position of Vice-Chair.
On a majority vote of Directors present, the motion by A. Heisey carried.
2. Election of Audit Committee Members and Committee Chair
J. Robinson moved the following motion:
That the Audit Committee be composed of A. Heisey, J. De Laurentiis and R. Lalonde with R. Lalonde as Chair.
The motion by J. Robinson carried.
3. Toronto Coach Terminal Inc. (TCTI) – Appointment of Officers
It is recommended that the Board of Directors appoint:
Dan Wright, TTC Chief Financial Officer, to the position of President and General Secretary;
Brian Leck, TTC Head of Legal and General Counsel, to the position of Vice-President and General Counsel;
Stephen Conforti, TTC Head – Finance & Treasurer, to the position of Treasurer.
Approved
4. Financial Report for TCTI for the Accounting Period Ending December 1, 2018
The TCTI Directors received this item for information.
5. 2019 Operating Budget for the Toronto Coach Terminal Inc.
It is recommended that the Board of Directors:
Approve the 2019 Operating Budget for the TCTI as set out in this report.
Approved
6. Proxy to Vote Toronto Coach Terminal Inc. Shares in TTC Insurance Company Limited
It is recommended that the Board of Directors
Approve the attached Proxy to exercise 970 Toronto Coach Terminal Inc. shares in TTC Insurance Company Limited.
Approved
The meeting adjourned at 9:47 a.m.