Item - 2014.EX44.6
Tracking Status
- City Council adopted this item on August 25, 2014 without amendments and without debate.
- This item was considered by the Executive Committee on August 20, 2014 and adopted without amendment. It will be considered by City Council on August 25, 2014.
EX44.6 - Toronto Community Housing Corporation Amended Shareholder Direction - Toronto Community Housing Corporation Approval of Council Direction
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on August 25, 26, 27 and 28, 2014, adopted the following:
1. City Council treat the part of the Council meeting when this report is considered as a special meeting of the Shareholder for Toronto Community Housing Corporation (TCH) and confirm the amended and restated By-law No. 2 approved by the Toronto Community Housing Corporation Board of Directors at its meeting of August 14, 2014 in the form attached in Appendix 2a to the report (August 15, 2014) from the City Manager.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-72867.pdf
(August 14, 2014) Attachment 1 - Transmittal letter from the Toronto Community Housing Corporation Interim President and Chief Executive Officer, - Revisions to By-law No. 2.
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-72868.pdf
(July 24, 2014) Attachment 2 - Toronto Community Housing Corporation Report and Report Attachments 1, 2A and 2B on Revisions to By-law No. 2 considered by the Toronto Community Housing Corporation Board of Directors on August 14, 2014.
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-72889.pdf
(August 6, 2014) Report from the City Manager on Toronto Community Housing Corporation Amended Shareholder Direction - Toronto Community Housing Corporation Approval of Council Direction - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-72736.pdf
EX44.6 - Toronto Community Housing Corporation Amended Shareholder Direction - Toronto Community Housing Corporation Approval of Council Direction
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council treat the part of the Council meeting when this report is considered as a special meeting of the Shareholder for Toronto Community Housing Corporation (TCH) and confirm the amended and restated By-law No. 2 approved by the Toronto Community Housing Corporation Board of Directors at its meeting of August 14, 2014 in the form attached in Appendix 2a to the report (August 15, 2014) from the City Manager.
Origin
Summary
City Council at its November 13, 2013 meeting approved an Amended and Restated Shareholder Direction for Toronto Community Housing Corporation ("TCH") and requested that the TCH Board of Directors approve Council’s direction by amending its By-law No. 2 to bring it into conformity with the updated Shareholder Direction, and submit the amended By-law to City Council for approval.
As requested by Council, this report transmits the amended TCH By-law No. 2 considered by the TCH Board of Directors at their August 14, 2014 meeting. The Board approved the proposed amended and restated By-law No. 2 as presented.
As required under the Business Corporations Act (Ontario) and the TCH Shareholder Direction, this report recommends that the City as the shareholder confirm the amended and restated By-law No. 2.
In addition, this report provides a brief update on the City's support to the TCH Executive Leadership Team during the transition period until a new permanent President and CEO is appointed.
Background Information
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-72867.pdf
(August 14, 2014) Attachment 1 - Transmittal letter from the Toronto Community Housing Corporation Interim President and Chief Executive Officer, - Revisions to By-law No. 2.
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-72868.pdf
(July 24, 2014) Attachment 2 - Toronto Community Housing Corporation Report and Report Attachments 1, 2A and 2B on Revisions to By-law No. 2 considered by the Toronto Community Housing Corporation Board of Directors on August 14, 2014.
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-72889.pdf
(August 6, 2014) Report from the City Manager on Toronto Community Housing Corporation Amended Shareholder Direction - Toronto Community Housing Corporation Approval of Council Direction - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2014/ex/bgrd/backgroundfile-72736.pdf