Meeting of Directors - February 10, 2021

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Minutes - Toronto Coach Terminal Inc. Director - Meeting No. 184

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Requests to speak must be registered by noon of the business day preceding meeting day. A final deputation list will be distributed at the meeting.

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A correspondence summary will be distributed at the meeting.

B. Bradford, S. Carroll, J. De Laurentiis, R. Lalonde, J. Osborne, J. Robinson (TCTI Directors), R. Leary (President and General Secretary, TCTI), B. Leck (Vice-President and General Counsel, TCTI) and A. Cassar (Treasurer, TCTI).

TTC Staff: B. Hasserjian (Chief Safety Officer - Acting), J. La Vita (Interim Chief Financial Officer), N. Poole-Moffatt (Chief of Corporate Affairs), K. Watson (Deputy Chief Executive Officer), D. Cooper (Project Manager – Third Parties), P. Kraft (Head of Property, Planning and Development), C. Finnerty (Director – Commission Services), A. Farnsworth (Co-ordinator – Secretariat Services) and J. Ishak (Administrator – Secretariat Services).

B. Leck was in the Chair.

 

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The Board of Directors reviewed and approved the minutes of the Meeting of Directors No. 184 held on Wednesday, June 17, 2020 and authorized the Chair and General Secretary to sign the same.

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1. Financial Report for TCTI for the Accounting Period Ending December 31, 2020

The TCTI Directors received this item for information. 

Received

2. 2021 Operating Budget for the Toronto Coach Terminal Inc. (TCTI)

1. It is recommended that the Board approve the 2021 Operating Budget for the Toronto Coach Terminal Inc. with revenues of $696,700 and expenses of $280,100, resulting in a net profit of $416,600 as set out in this report.

Approved

3. Proxy to Vote Toronto Coach Terminal Inc. Shares in TTC Insurance Company Limited

It is recommended that the Board of Directors:

1. Approve the attached Proxy to exercise 970 Toronto Coach Terminal Inc. shares in TTC Insurance Company Limited.

Approved

The meeting adjourned at 9:39 a.m.