Meeting of Directors - February 10, 2021
Meeting Info
-
Agenda
-
Meeting Minutes
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)
b.
Minutes of the Previous Meeting
Business Arising Out of Minutes
b.
Public Presentations
Notices of Motions
b.
Motions Without Notice
b.
Items of Which Notice has Previously Been Given
b.
Items Deferred From Last Meeting to Permit Debate/Public Presentation
b.
Presentations/Reports/Other Business
- Financial Report for Toronto Coach Terminal Inc. for the Accounting Period Ending April 30, 2020 (For Information)
- General Banking Resolution (Confidential Attachment – this report contains information related to the security of the property of the municipality or local board) (For Action)
- GACCTO Lease Extension and Rent Abatement Request (Confidential Attachment – this report is about a proposed or pending land acquisition or disposition of land for municipal or local board purposes) (For Action)
1. Reports with Confidential Attachments
2. Presentations
3. Other Business
4. New Business
5. Correspondence
Present
A. Heisey, Q.C. (Vice-Chair), S. Carroll, J. De Laurentiis, R. Lalonde, J. McKelvie (TCTI Directors), J. Osborne (TTC Board), B. Leck (Vice-President and General Counsel, TCTI)
TTC Staff: R. Leary (Chief Executive Officer), G. Downie (Chief Expansion Officer), J. La Vita (Interim Chief Financial Officer), F. Monaco (Chief of Infrastructure and Engineering), N. Poole-Moffatt (Chief of Corporate Affairs), S. Reed Tanaka (Chief Capital Officer), J. Ross (Chief Operating Officer), J. Taylor (Chief of Staff), K. Watson (Deputy CEO – Operations), R. Wong (Chief Vehicle Officer), P. Kraft (Head of Property, Planning and Development), C. Finnerty (Manager, CEO Business Support, Council Relations), A. Cassar (Director, Budgets, Costing and Financial Reporting), K. Lee (Director, Commission Services) and A. Farnsworth (Co-ordinator – Secretariat Services).
B. Leck was in the Chair.
Reports
Minutes of Previous Meetings
Presentations/Reports/Other Business
1. Financial Report for Toronto Coach Terminal Inc. for the Accounting Period Ending April 30, 2020
The TCTI Directors received this item for information.
Received
2. General Banking Resolution
It is recommended that the Toronto Coach Terminal Inc. Board of Directors:
-
The Board approve the recommendations in the confidential attachment; and
-
That the information contained in the confidential attachment remain confidential in its entirety as it involves the security of the property of the municipality or localboard.
Approved
3. GACCTO Lease Extension and Rent Abatement Request It is recommended that the Board of Directors:
It is recommended that the TCTI Board:
-
Authorize Staff to extend the 610 Bay Street and 130 Elizabeth Street lease for up to one (1) year on the same terms and conditions as the existing lease, including rent increases applicable at the time of term extension, subject to approval of CreateTO and the City of Toronto in a form acceptable to TTC General Counsel, and including the following additional provision:
-
GACCTO and TCTI shall both have the right to terminate the lease, subject to applicable termination provisions in the current lease, at any time after July 7, 2021, with a minimum of six months’ written notice.
-
-
Approve the recommendations as set out in the Confidential Attachment; and,
-
The information in the Confidential Attachment remains confidential until such time as any agreements arising out of this approval are executed.
Approved
The meeting adjourned at 9:32 a.m.