Item - 2016.EX16.9

The Executive Committee recommends that:

1.   City Council treat the portion of the Council meeting at which the report (June 14, 2016) from the City Manager and the Deputy City Manager and Chief Financial Officer is considered as the Annual General Meeting of the Shareholder for Toronto Community Housing Corporation and:

a.  receive the Letter to the Shareholder and Annual Report from the Toronto Community Housing Corporation's Chair of the Board of Directors and Interim President and Chief Executive Officer dated April 27, 2016 and related attachments, forming Attachment 1 to the report (June 14, 2016) from the City Manager and the Deputy City Manager and Chief Financial Officer;

b.  receive Toronto Community Housing Corporation's 2015 Audited Annual Consolidated Financial Statements for the period ending December 31, 2015, and the auditor's report dated April 29, 2016, forming Attachment 2 to the report (June 14, 2016) from the City Manager and the Deputy City Manager and Chief Financial Officer; and

c.  reappoint PricewaterhouseCoopers LLP, Chartered Accountants, as the auditor for Toronto Community Housing Corporation for fiscal year 2016 at the fee provided in the City's agreement with that firm.

2.  City Council approve Toronto Community Housing Corporation's proposed approach to developing its next Strategic Plan and Business Plan as outlined in the letter from the Interim President and Chief Executive Officer dated April 27, 2016, forming Attachment 1, Appendix D to the report (June 14, 2016) from the City Manager and the Deputy City Manager and Chief Financial Officer.

3.  City Council direct the City Clerk to forward a copy of the "Toronto Community Housing Corporation Consolidated Financial Statements December 31, 2015", forming Attachment 2 to the report (June 14, 2016) from the City Manager and the Deputy City Manager and Chief Financial Officer, to the Audit Committee for information.

4.  City Council request the Director, Affordable Housing Office to work with Toronto Community Housing Corporation to investigate increasing the amount of seniors' designated housing east of Markham Road, and report to the Executive Committee meeting of October 26, 2016.

5.  City Council request the Board of Directors, Toronto Community Housing Corporation, to report to the Executive Committee meeting of October 26, 2016, on how the Toronto Community Housing Corporation's Community Management Plan can address the following:

a.  the need for strategies for human resource development for public domains of participatory action, including how TCHC prepares and assesses its public servants for their roles as communicators and social facilitators.

6.  City Council request the Board of Directors, Toronto Community Housing Corporation, to report to the Executive Committee meeting of October 26, 2016, on how the Toronto Community Housing Corporation's Community Management Plan can address the following:

a.  the need to develop a unique plan for resident participation appropriate to each locale, be it in a neighbourhoods or a smaller subsections, with sufficient budgetary allocations and expertise for such programs.

This report recommends the actions necessary to comply with the requirements of the Ontario Business Corporations Act (OBCA) for holding an Annual General Meeting of the Shareholder of Toronto Community Housing Corporation (TCHC), including receipt of Toronto Community Housing Corporation's 2015 audited annual consolidated financial statements and appointment of the auditor for Toronto Community Housing Corporation for 2016.

This report also contains a recommendation for consideration at the Toronto Community Housing Corporation Annual General Meeting of the Shareholder related to Toronto Community Housing Corporation's Strategic Plan and Business Plan, and next steps.