Meeting of Shareholders - May 31, 2016


Meeting Info

Date:Monday, May 30, 2016
Start Time:11:13 a.m.
Location:Committee Room 1, City Hall, 100 Queen Street West
Meeting No:30
  • Agenda
  • Meeting Minutes

Members

  • Chair - Joe Mihevc
  • Vice Chair - Vincent Rodo
  • Rick Byers
  • Ron Lalonde
  • Brian Leck
  • Michael Roche

Members

  • Chair - Joe Mihevc
  • Vice Chair - Vincent Rodo
  • Rick Byers
  • Ron Lalonde
  • Brian Leck
  • Michael Roche

Declaration of Interest - Municipal Conflict of Interest Act

Nil

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

Nil

2. Presentations

Nil

4. New Business

Nil

5. Correspondence

A correspondence summary will be distributed at the meeting.

A meeting of the Shareholders was held in Committee Room 1, City Hall, 100 Queen Street West, Toronto, on Tuesday, May 31, 2016 at 11:13 a.m. for the purpose of discussing business related to the Company.

Present

J. Mihevc (Chair – TTCICL), R. Lalonde, R. Byers (Directors),G. De Baeremaeker, S. Carroll, J. Colle, A. Heisey, V. Crisanti, (TTC Commissioners), V. Rodo (President), B.M. Leck (General Counsel), M. Cosgrove (Secretary), B. Ross (Executive Director – Corporate Communications), R. Leary (Chief – Service Officer), S. Reed Tanaka (Chief – Capital Officer), J. Taylor (Chief of Staff), D. McDonald (Co-ordinator – Corporate Secretariat), Jim K. Christie, (Collins Barrow Toronto Actuarial Services Inc.), Akif Siddiqui (PricewaterhouseCoopers LLP) were present.

V. Rodo was in the Chair.

Declaration of Interest - Municipal Conflict of Interest Act

Nil

Minutes of the Previous Meeting

  • TTCICL Shareholders Meeting No. 29 – June 22, 2015

The Shareholders reviewed and approved the minutes of the above mentioned meeting and authorized the Chair and Secretary to sign the same.

Business Arising Out of the Minutes

Nil

Committee of the Whole Resolution

Nil

Public Presentations

Nil

Notice 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 Presentations

Nil

1. Reports with Confidential Attachments (Committee Of The Whole)

Nil

2. Presentations

Nil

3. Other Business

(a) Receipt of Proxy

The Shareholders received the proxy from Toronto Coach Terminal Inc. to exercise 970 shares in TTC Insurance Company Limited for any Shareholders Meeting held during the year 2016.

(b) Election of Directors

The Shareholders elected the following as Directors:

Joe Mihevc
Rick Byers
Ron Lalonde
Vincent Rodo
Michael Roche
Brian Leck

(c) Election of Chair and Vice Chair

The Shareholders elected Joe Mihevc as Chair and Vincent Rodo as Vice Chair.

(d) Receipt of Financial Statements of TTCICL for the Year Ended December 31, 2015

The Shareholders received the financial statements of TTCICL for the year ended December 31, 2015.

(e) Appointment of External Auditor

The Shareholders approved the appointment of PwC LLP for the provision of external audit services for the 2016 fiscal year.

(f) Appointment of Actuary

The Shareholders approved the appointment of Collins Barrow Toronto Actuarial Services Inc. as the Appointed Actuary for the 2016 fiscal year.

4. New Business

Nil

5. Correspondence

Nil

The meeting adjourned at 11:16 a.m.

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