Meeting of Shareholders - June 24, 2014
Meeting Info
Date:Monday, June 23, 2014
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Agenda
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Meeting Minutes
Members
Members
- TTC
Members
Members
- TTC
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 Nil
Education/Training (TTC Procedural By-Law Section 29(B) and City of Toronto Act Section 190 (3.1)
Minutes of the Previous Meeting
Business Arising Out of Minutes
Nil.
Public Presentations
Requests to speak must be registered in writing by 12:00 Noon of the day preceding meeting day.
Notices of Motions
Nil.
Motions Without Notice
Nil.
1. Reports with Confidential Attachments
Nil.
2. Presentations
Nil.
3. Other Business
1. Receipt of Consolidated Financial Statements of the Toronto Coach Terminal Inc. (For Information)
2. Exemption for Audit Requirements (For Action)
3. TCTI 2013 List of Shareholders (For Information)
4. Ratification of All Accounts, Contracts, By-Laws and Proceedings of Directors Since the Last Annual Shareholders Meeting (For Action)
5. Proxy To Vote Toronto Transit Commission Shares in Toronto Coach Terminal Inc. (For Information)
4. New Business
Nil.
5. Correspondence
A correspondence summary will be distributed at the meeting.
A Meeting of Shareholders of Toronto Coach Terminal Inc. was held at 10:47 a.m. in Committee Room 2, 2nd Floor, Toronto City Hall, 100 Queen Street West, Toronto, Ontario for the purpose of discussing business related to the Company.
Present
J. Parker (Chair), M. Augimeri, A. Virmani, M. Adamson, R. Cho, A. Heisey, (Directors) M. Roche (TTC Head of Finance/Treasurer), B. Leck (Vice-President and General Counsel), P. Buttigieg (Treasurer), K. Lee (TTC Head of Commission Services) and D. McDonald (Co-ordinator – Corporate Secretariat) were present.
M. Roche was in the Chair.
In this section
Minutes of the Previous Meeting
The Board reviewed and approved the minutes of the Shareholders Meeting No. 151 held on Monday, June 24, 2013 and authorized the Chair and General Secretary to sign the same.
3. Other Business
1. Receipt of Consolidated Financial Statements of Toronto Coach Terminal Inc. for the year ended December 31, 2013
The Shareholders received the Consolidated Financial Statements of the Toronto Coach Terminal Inc. for the year ended December 31, 2013 for information.
2. Exemption from Audit Requirements
The Shareholder consented, and the Chair signed the attached resolution, to exempt the Toronto Coach Terminal Inc. (TCTI) from an external financial audit for the fiscal year ending December 31, 2014, as the change in TCTI’s business model has significantly reduced the number and variety of financial transactions such that an external audit would not be beneficial.
3. List of Shareholders
The Shareholders received the foregoing report for information.
4. Ratification of All Accounts, Contracts, By-Laws and Proceedings of Directors since the Last Annual Shareholders Meeting
The Shareholders approved a resolution ratifying all the accounts, contracts, by-laws and proceedings of Directors and Officers, as reflected in the minutes, since the last Annual Meeting of the Company that was held on June 24, 2013.
5. Proxy to Vote Toronto Transit Commission Shares in Toronto Coach Terminal Inc.
The Shareholders received the report for information.