Meeting of Directors - June 24, 2014

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

a.
b.

• Directors Meeting No. 144 - Monday, June 24, 2013
• Special Directors Meeting No. 142 - Monday, June 24, 2013

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1. Financial Statements of TTIL for the Year Ended December 31 2013 (For Action)

Nil.

A Meeting of Directors of Toronto Transit Infrastructure Limited was held at 10:55 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.

K. Stintz (Chair), M. Augimeri and J. Parker (Directors) M. Roche (TTC Head of Finance/Treasurer), B. Leck (General Counsel), K. Lee (TTC Head of Commission Services) and D. McDonald (Co-ordinator – Corporate Secretariat) were present

M. Roche was in the Chair..

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The Board reviewed and approved the minutes of the Special Directors Meeting No. 142 and Directors Meeting No. 144 held on Monday, June 24, 2013 and authorized the Chair and Comptroller to sign the same.

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

Nil

2. Presentations

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3. Other Business

(a) Financial Statements of Toronto Transit Infrastructure Limited (TTIL) for the year ended December 31, 2012

The Board:

(i) Approved the financial statements of Toronto Transit Infrastructure Limited (TTIL) for the year ended December 31, 2013; and

(ii) Approved forwarding a copy of the approved financial statements to the Shareholder for information; and to the City Manager, in accordance with the May 8, 2012 City Council directive.

Noting that, staff will bring forward a report on dissolving the company to the next Annual General Meeting.

4. New Business

Nil

5. Correspondence

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The meeting adjourned at 10:57 a.m.