Item - 2012.EX22.3

The Executive Committee recommends that:

1.         City Council treat the Council meeting at which this report is considered as the 2011 Annual General Meeting of the Shareholder for Casa Loma Corporation by:

a.         receiving the 2011 Audited Financial Statements of Casa Loma Corporation, attached as Attachment 1 to the report (August 21, 2012) from the City Manager;

b.         confirming the appointment of KPMG Chartered Accountants, as the Auditor of Casa Loma Corporation for fiscal year 2012; and

c.         receiving the Casa Loma Corporation 2011 Annual Report attached as Attachment 2 to the report (August 21, 2012) from the City Manager.

2.         City Council forward a copy of the Casa Loma Corporation 2011 Audited Annual Financial Statements, in Attachment 1 to the report (August 21, 2012) from the City Manager, to the Audit and Budget Committees for information.

3.         City Council receive the information in Confidential Attachment 3 of the report (August 21, 2012) from the City Manager concerning executive compensation disclosure.

4.         City Council direct that the contents of Confidential Attachment 3 to the report (August 21, 2012) from the City Manager from Casa Loma Corporation be kept confidential in their entirety after the consideration of this report by Council for reasons of personal information about identified individuals.

This report recommends the actions necessary to comply with the requirements of the Business Corporations Act (Ontario) for holding the 2011 Annual General Meeting of the shareholder of Casa Loma Corporation including receipt of Audited Financial Statements, transmittal of the 2011 Annual Report and confirmation of appointment of the auditor for 2012.  This report also transmits the confidential disclosure of executive compensation paid by the Corporation in 2011.