TTC Insurance Company Limited - Meeting of Directors - June 17, 2020
Meeting Info
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Agenda
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Meeting Minutes
Members
- Ron Lalonde (Chair)
- Brad Bradford
- Shelley Carroll
- Brian Leck
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
Nil
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. Presentations/Reports/Other Business
- Allotment and Issuance of Shares (For Action)
- Election of Officers (For Action)
- Investment (For Information)
- 2020 Budget (For Action)
- General Banking Resolution (Confidential Attachment - this report contains information related to the security of the property of the municipality or local board) (For Action)
2. Presentations
Nil
3. Other Business
Nil
4. New Business
Nil
5. Correspondence
A correspondence summary will be distributed at the meeting.
TTC Insurance Company Limited Meeting of Directors
Meeting No.: 53
Meeting Date: Wednesday, June 17, 2020
A virtual meeting of the Toronto Coach Terminal Inc. Directors was held on Wednesday, June 17, 2020 commencing at 9:16 a.m.
Present at Public Session
R. Lalonde (Chair – TTCICL), S. Carroll, B. Bradford (Directors), B.M. Leck (General Counsel), M. Cosgrove (Secretary), A. Cassar (Treasurer), T. Bal (VP) TTC Staff: G. Downie (Chief Capital Officer), F. Monaco (Chief of Infrastructure & Engineering), N. Poole-Moffatt (Chief of Corporate Affairs), P. Kraft (Head of Property, Planning and Development), C. Finnerty (Manager, CEO Business Support, Council Relations), K. Lee (Director- Commission Services) and A. Farnsworth (Co-ordinator – Secretariat Services). B. Leck was in the Chair.
Declaration of Interest - Municipal Conflict of Interest Act
Nil
Minutes of the Previous Meeting
The Board of Directors reviewed and approved the minutes of the Meeting of Directors No. 52 held on Wednesday, June 12, 2019 and authorized the Chair and General Secretary to sign the same.
Business Arising Out of the Minutes
Nil
Committee Of The Whole Resolution
Nil
Public Presentations
Nil
Minutes
TTC Insurance Compay Limited. Directors Meeting No. 53 Wednesday, June 17, 2020
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
Presentations/Reports/Other Business
1. Reports with Confidential Attachments (Committee Of The Whole) The Board approved the confidential General Banking Resolution
2. Presentations
Nil
3. Other Business
(a) Allotment and Issuance of Shares The Board approved the allotment and issuance of five common shares to each newly elected director (T. Bal and A. Cassar).
(b) Election of Officers The Board of Directors appointed the following Officers: Treasurer Alex Cassar Secretary Mark Cosgrove President & General Counsel Brian Leck Vice President Tara Bal
(c) Investment The Board of Directors received the report for information.
(d) 2020 Budget & Forecast Minutes – TTC Insurance Compay Limited. Directors Meeting No. 53 Wednesday, June 17, 2020 The Board of Directors approved the 2020 budget and forecast for TTCICL.
The meeting adjourned at 9:20 a.m.