Item - 2018.EX35.15

The Executive Committee recommends that:

1.  City Council treat that portion of the City Council meeting at which the report (June 5, 2018) from the Interim City Manager and the Interim Chief Financial Officer is considered as the Annual General Meeting of the Shareholder for Toronto Port Lands Company by:

a.  receiving the "Toronto Port Lands Company 2017 Annual Report", forming Attachment 1 to the report (June 5, 2018) from the Interim City Manager and the Interim Chief Financial Officer;

b.  appointing PricewaterhouseCoopers LLP, Chartered Accountants, as the Auditor of Toronto Port Lands Company for fiscal year 2018, and authorizing the Board of Directors of Toronto Port Lands Company to fix the remuneration of the Auditor; and

c.  receiving the "Toronto Port Lands Company Executive Compensation Disclosure 2017", forming Attachment 2 to the report (June 5, 2018) from the Interim City Manager and the Interim Chief Financial Officer.

2.  City Council direct the City Clerk to forward a copy of the "Toronto Port Lands Company 2017 Audited Annual Financial Statements", forming Attachment 3 to the report (June 5, 2018) from the Interim City Manager and the Interim Chief Financial Officer, to the Audit Committee for information.

This report contains recommendations for the actions necessary to comply with the requirements of the Business Corporations Act, Ontario (OBCA) for holding the Annual General Meeting of the Shareholder of Toronto Port Lands Company, including receipt of its Annual Report and Audited Financial Statements for 2017 and appointment of the auditor for 2018.

This report also contains recommendations for receipt at the Annual General Meeting of the Shareholder of information disclosing the individual compensation of executive officers employed by Toronto Port Lands Company in 2017.