Special Meeting of Directors - June 12, 2018
Meeting Info
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Agenda
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Meeting Minutes
Members
Members
- Chair Joe Mihevc
- Rick Byers
- Ron Lalonde
- Brian Leck
Members
Members
- Chair Joe Mihevc
- Rick Byers
- Ron Lalonde
- Brian Leck
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
Nil
3. Other Business
Nil
4. New Business
Nil
5. Correspondence
A correspondence summary will be distributed at the meeting.
Meeting No. 49
Tuesday, June 12, 2018
A meeting of the Board of Directors was held in Committee Room 2, 2nd Floor, City Hall, 100 Queen Street West, Toronto, on Tuesday, June 12, 2018 at 9:57 a.m. for the purpose of discussing business related to the Company.
J. Mihevc (Chair – TTCICL), R. Lalonde, R. Byers (Directors), B.M. Leck (General Counsel), S. Conforti (TTCICL Treasurer), M. Cosgrove (Secretary), D. Wright (Chief Financial Officer), M. Cosgrove (Risk Manager), K. Lee and C. Finnerty (Commission Services) were present.
Joe Mihevic was in the Chair.
Declarations of Interest – Municipal Conflict of Interest Act
Nil
Minutes of Previous Meetings
Nil
Special Meeting of Directors No. 48 – June 15, 2017 was approved
Business Arising Out of the Minutes
Nil
Committee Of The Whole Resolution
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) Actuarial Financial Review
The Board received the 2017 annual actuarial report and approved the Expected Future Financial Condition (EFFC) for 2017 that forecasts the expected future financial condition of TTC Insurance Company Limited. The Board also received a presentation of the 2017 EFFC report from the actuary.
(b) Draft Financial Statements for the Year Ended December 31, 2017
The Board of Directors approved the following recommendations:
i. Adopt the financial statements of TTC Insurance Company Limited for the year ended December 31, 2017, and
ii. Forward a copy of the approved financial statements to the Shareholders for information and to the City Manager.
4. New Business
Nil
5. Correspondence
Nil
The meeting adjourned at 9:59 a.m.