Item - 2014.EX42.9
Tracking Status
- City Council adopted this item on June 10, 2014 without amendments.
- This item was considered by Executive Committee on May 27, 2014 and was adopted with amendments. It will be considered by City Council on June 10, 2014.
EX42.9 - Build Toronto - Annual General Meeting and Audited Annual Financial Statements 2013
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on June 10, 11, 12 and 13, 2014, adopted the following:
1. City Council treat the Council meeting at which this report is considered as the 2013 Annual General Meeting of the Shareholder for Build Toronto Inc. by:
a. receiving the Build Toronto Financial Report to the Shareholder, which includes the 2013 Audited Financial Statements,in Attachment 1 to the report (May 12, 2014) from the City Manager;
b. re-appointing Pricewaterhouse Coopers LLP, Chartered Accountants, as the Auditor of Build Toronto Inc. for fiscal year 2014, and authorizing the Board of Directors of Build Toronto Inc. to fix the remuneration of such Auditor; and
c. receiving the report of the Deputy City Manager and Chief Financial Officer titled "Build Toronto Inc. - 2013 Audited Financial Statements," in Attachment 2 to the report (May 12, 2014) from the City Manager.
2. City Council forward a copy of the Build Toronto Financial Report to the Shareholder, which includes 2013 Audited Financial Statements in Attachment 1 to the report (May 12, 2014) from the City Manager to the Audit Committee for information.
3. City Council receive the information concerning executive compensation disclosed with consent in Attachment 3 to the report (May 12, 2014) from the City Manager for information.
4. City Council receive the information in Confidential Attachment 4 to the report (May 12, 2014) from the City Manager and direct it remain confidential in its entirety for reasons of personal information about an identifiable individual.
5. City Council request the Board of Directors of Build Toronto to submit, through the City Manager, the Board-approved Build Toronto Business Plan to the Executive Committee for information.
Confidential Attachment 4 to the report (May 12, 2014) from the City Manager remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it as it contains personal information about an identifiable individual.
Confidential Attachment - Personal matters about an identifiable individual, including municipal or local board employees
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-69409.pdf
(May 9, 2014) Attachment 1 - Build Toronto Financial Report to the Shareholder (May 9, 2014)
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-69410.pdf
(May 12, 2014) Attachment 2 - Report of the Deputy City Manager and Chief Financial Officer titled "Build Toronto Inc. - 2013 Audited Financial Statements"
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-69411.pdf
(May 12, 2014) Attachment 3 - Build Toronto - 2013 Executive Compensation Disclosure and Analysis Disclosed with Consent
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-69412.pdf
Confidential Attachment 4 - Build Toronto - 2013 Executive Compensation Disclosure and Analysis for Former Executive
Communications (Committee)
https://www.toronto.ca/legdocs/mmis/2014/ex/comm/communicationfile-47761.pdf
Motions (City Council)
Vote (Adopt Item) Jun-10-2014 2:23 PM
| Result: Carried | Majority Required - EX42.9 - Adopt the item |
|---|---|
| Total members that voted Yes: 38 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bailão, Michelle Berardinetti, Shelley Carroll, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Mike Del Grande, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Mary Fragedakis, Mark Grimes, Norman Kelly, Mike Layton, Chin Lee, Peter Leon, Gloria Lindsay Luby, Giorgio Mammoliti, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Karen Stintz, Kristyn Wong-Tam |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 6 | Members that were absent are Raymond Cho, Doug Ford, Rob Ford, Peter Milczyn, John Parker, Michael Thompson |
EX42.9 - Build Toronto - Annual General Meeting and Audited Annual Financial Statements 2013
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - Personal matters about an identifiable individual, including municipal or local board employees
Committee Recommendations
The Executive Committee recommends that:
1. City Council treat that portion of the Council meeting at which this report is considered as the 2013 Annual General Meeting of the Shareholder for Build Toronto Inc. by:
a. receiving the Build Toronto Financial Report to the Shareholder, which includes the 2013 Audited Financial Statements,in Attachment 1 to the report (May 12, 2014) from the City Manager;
b. re-appointing Pricewaterhouse Coopers LLP, Chartered Accountants, as the Auditor of Build Toronto Inc. for fiscal year 2014, and authorizing the Board of Directors of Build Toronto Inc. to fix the remuneration of such Auditor; and
c. receiving the report of the Deputy City Manager and Chief Financial Officer titled "Build Toronto Inc. - 2013 Audited Financial Statements," in Attachment 2 to the report (May 12, 2014) from the City Manager.
2. City Council forward a copy of the Build Toronto Financial Report to the Shareholder, which includes 2013 Audited Financial Statements in Attachment 1 to the report, (May 12, 2014) from the City Manager to the Audit Committee for information.
3. City Council receive the information concerning executive compensation disclosed with consent in Attachment 3 to the report (May 12, 2014) from the City Manager for information.
4. City Council receive the information in Confidential Attachment 4 to the report (May 12, 2014) from the City Manager and direct that it be kept confidential in its entirety for reasons of personal information about an identified individual.
5. City Council request the Board of Directors of Build Toronto to submit, through the City Manager, the Board approved Build Toronto Business Plan to the Executive Committee for information.
Origin
Summary
This report recommends the actions necessary to comply with the requirements of the Business Corporations Act (Ontario) for holding the 2013 Annual General Meeting of the shareholder of Build Toronto Inc. including receipt of the 2013 Audited Financial Statements and appointment of the auditor for 2014. This report also transmits documents from Build Toronto Inc. to City Council disclosing the compensation of executive officers employed by the Corporation in 2013.
Background Information
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-69409.pdf
(May 9, 2014) Attachment 1 - Build Toronto Financial Report to the Shareholder (May 9, 2014)
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-69410.pdf
(May 12, 2014) Attachment 2 - Report of the Deputy City Manager and Chief Financial Officer titled "Build Toronto Inc. - 2013 Audited Financial Statements"
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-69411.pdf
(May 12, 2014) Attachment 3 - Build Toronto - 2013 Executive Compensation Disclosure and Analysis Disclosed with Consent
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-69412.pdf
Confidential Attachment 4 - Build Toronto - 2013 Executive Compensation Disclosure and Analysis for Former Executive
Communications
https://www.toronto.ca/legdocs/mmis/2014/ex/comm/communicationfile-47761.pdf
Speakers
Councillor Doug Ford
Motions
That City Council request the Board of Directors of Build Toronto to submit, through the City Manager, the Board approved Build Toronto Business Plan to the Executive Committee for information.