Item - 2017.EX26.7
Tracking Status
- City Council adopted this item on July 4, 2017 without amendments.
- This item was considered by the Executive Committee on June 19, 2017 and adopted without amendment. It will be considered by City Council on July 4, 2017.
EX26.7 - Casa Loma Corporation - Annual General Meeting and 2016 Audited Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on July 4, 5, 6 and 7, 2017, adopted the following:
1. City Council treat that portion of the City Council meeting at which the report (May 31, 2017) from the City Manager and the Deputy City Manager and Chief Financial Officer is considered as the Annual General Meeting of the Shareholder for Casa Loma Corporation by:
a. appointing Welch LLP Chartered Accountants, as the Auditor of Casa Loma Corporation for the fiscal year 2017, and authorizing the Board of Directors of Casa Loma Corporation to fix the remuneration of the Auditor;
b. receiving the Casa Loma Corporation 2016 Annual Report forming Attachment 1 to the report (May 31, 2017) from the City Manager and the Deputy City Manager and Chief Financial Officer; and
c. receiving the 2016 Audited Financial Statements for Casa Loma Corporation, forming Attachment 2 to the report (May 31, 2017) from the City Manager and the Deputy City Manager and Chief Financial Officer.
2. City Council direct the City Clerk to forward a copy of the Casa Loma Corporation 2016 Audited Financial Statements, forming Attachment 2 to the report (May 31, 2017) from the City Manager and the Deputy City Manager and Chief Financial Officer, to the Audit Committee for information.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104659.pdf
Attachment 1 - Casa Loma Corporation 2016 Annual Report
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104660.pdf
Attachment 2 - Casa Loma Corporation 2016 Audited Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104661.pdf
Motions (City Council)
Vote (Adopt Item) Jul-04-2017 2:20 PM
| Result: Carried | Majority Required - EX26.7 - Adopt the item |
|---|---|
| Total members that voted Yes: 35 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bailão, Jon Burnside, John Campbell, Josh Colle, Gary Crawford, Joe Cressy, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Michael Ford, Mary Fragedakis, Mark Grimes, Stephen Holyday, Norman Kelly, Chin Lee, Giorgio Mammoliti, Josh Matlow, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, Neethan Shan, Michael Thompson, John Tory |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 10 | Members that were absent are Christin Carmichael Greb, Shelley Carroll, Vincent Crisanti, Jim Hart, Michelle Holland, Jim Karygiannis, Mike Layton, Pam McConnell, David Shiner, Kristyn Wong-Tam |
EX26.7 - Casa Loma Corporation - Annual General Meeting and 2016 Audited Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council treat that portion of the City Council meeting at which this report is considered as the Annual General Meeting of the Shareholder for Casa Loma Corporation by:
a. appointing Welch LLP Chartered Accountants, as the Auditor of Casa Loma Corporation for the fiscal year 2017, and authorizing the Board of Directors of Casa Loma Corporation to fix the remuneration of the Auditor;
b. receiving the Casa Loma Corporation 2016 Annual Report forming Attachment 1 to the report (May 31, 2017) from the City Manager and the Deputy City Manager and Chief Financial Officer; and
c. receiving the 2016 Audited Financial Statements for Casa Loma Corporation, forming Attachment 2 to the report (May 31, 2017) from the City Manager and the Deputy City Manager and Chief Financial Officer.
2. City Council direct the City Clerk to forward a copy of the Casa Loma Corporation 2016 Audited Financial Statements, forming Attachment 2 to the report (May 31, 2017) from the City Manager and the Deputy City Manager and Chief Financial Officer, to the Audit Committee for information.
Origin
Summary
This report contains recommendations for the actions necessary to comply with the requirements of the Business Corporations Act (Ontario) for holding the Annual General Meeting of the Shareholder of Casa Loma Corporation including receipt of its Annual Report and Audited Financial Statements for 2016 and appointment of the auditor for 2017.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104659.pdf
Attachment 1 - Casa Loma Corporation 2016 Annual Report
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104660.pdf
Attachment 2 - Casa Loma Corporation 2016 Audited Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104661.pdf