Meeting of Directors - February 2, 2011

Meeting Info

Date:Tuesday, February 01, 2011
Location:Committee Room 3, 2nd Floor, City Hall
Meeting No:136
  • Agenda
  • Meeting Minutes

Agenda not available

Agenda not available

A meeting of Directors was held in Committee Room 3, 2nd Floor, City Hall, Toronto, immediately following the TCTI Meeting of Shareholders No. 135, for the purpose of discussing business related to the Company.


M. Augimeri, F. Di Giorgio, N. Kelly, D. Minnan-Wong, P. Milczyn, C. Palacio, J. Parker, and K. Stintz (TTC Commissioners), G. Webster (President) V. Rodo (Vice-President/General Secretary), R. Cornacchia (General Manager – Operations), J. Sepulis (General Manager – Engineering & Construction), B. Leck (General Counsel), M. Roche (Chief Financial Officer), P.F. Buttigieg (Treasurer), D. Garisto (Director – Terminal Operations), K. Lee (Assistant General Secretary), and F. Stanois (Co-ordinator – Secretariat Services) were present.
V. Rodo was in the Chair.

Declaration of Interest


1. Election of Chair and Vice-Chair

The Board of Directors elected Denzil Minnan-Wong as Chair and John Parker as Vice-Chair for the ensuing year.

2. Proxy to Vote Toronto Coach Terminal Inc. Shares in TTC Insurance Company Limited

The Board approved the proxy to exercise the 970 Toronto Coach Terminal inc. shares in TTC Insurance Company Limited for any shareholders meetings that are held during the year 2011.

3. Appointments – TCTI Audit Committee

The board appointed Frank Di-Giorgio, Norm Kelly And Denzil Minnan-Wong as members of the TCTI Audit Committee.

4. Megabus Agreement – TCT

The board authorized the execution of an agreement for the provision of Megabus platform services to Coach Canada in a form satisfactory to the general counsel.

5. 2011 Operating and Capital Budgets

The board approved the 2011 Operating Budget and the 2011 Workforce, noting that there are no capital requests for 2011.
The board also requested staff to develop a reasonalbe negotiation strategy with respect to the tenant carriers using the bus termnal.

6. Financial Report for the Period Ending November 27, 2010

The board received for information, the financial report for Toronto Coach Terminal Inc. for the accounting period ending november 27, 2010.

7. New Business


The meeting adjourned at 10:50 a.m.

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