Minutes

York Region Rapid Transit Corporation Board of Directors

Wednesday, May 18, 2022

9:00 A.m. - 12:00 P.m.

Electronic Meeting

Directors:

• W. Emmerson, 
• M. Bevilacqua, 
• J. DiPaola, 
• M. Ferri, 
• J. Jones, 
• J. Li, 
• F. Scarpitti, 
• and D. West

YRRTC Staff:

• S. Arora, 
• D. Hutson, 
• S. Makki, 
• C. McCleave, 
• K. Sharma, 
• L. Sheppard, 
• C. Slattery, 
• R. Suppa, 
• and M.F. Turner

Regional Staff:

• L. Bigioni, P. Casey, C. Clark, P. Freeman, C. Goodeve, S. Kim, D. Kuzmyk, B. Macgregor, E. Mahoney, C. Martin, C. Raynor, A. Reid, K. Strueby, O. Tavakoli-Nabavi, B. Titherington

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A.

Call to Order

The York Region Rapid Transit Corporation Board Meeting was called to order at 9:08 a.m. with Mayor Scarpitti presiding.

B.

Disclosures of Interest

None

C.

Presentations

C.1

2020 Annual Report Recognized by International Association of Business Communicators

• Moved By Mayor Bevilacqua
  Seconded By Mayor West

  That the Board receive the presentation by Danielle Hutson, Vice President (A), Communications.

  (See Item D.1)

  Carried

C.2

Facilities and Terminal Program Update

• Moved By Regional Councillor Jones
  Seconded By Regional Councillor Ferri

  That the Board receive the presentation by Liza Sheppard, Vice President (A), Project Implementation.

  Carried

C.3

2021 Draft Annual Audited Financial Statements

• Moved By Mayor Bevilacqua
  Seconded By Regional Chair Emmerson

  That the Board receive the presentation by Chad McCleave, Vice President, Finance & Treasurer.

  (See Item E.1)

  Carried

C.4

Yonge Street BRT Project Wins Provincial and National Awards

• Moved By Mayor Bevilacqua
  Seconded By Mayor West

  That the Board receive the presentation by Liza Sheppard, Vice President (A), Project Implementation.

  (See Item D.2)

  Carried

D.

Communications

D.1

2020 Annual Report Recognized by International Association of Business Communicators

• Moved By Mayor Bevilacqua
  Seconded By Mayor West

  That the Board receive the memorandum from Mary-Frances Turner, President dated May 18, 2022.

  Carried

D.2

Yonge Street BRT Project Wins Provincial and National Awards

• Moved By Mayor Bevilacqua
  Seconded By Mayor West

  That the Board receive the memorandum from Mary-Frances Turner, President dated May 18, 2022.

  Carried

E.

Reports

E.1

2021 Draft Annual Audited Financial Statements

• Moved By Mayor Bevilacqua
  Seconded By Regional Chair Emmerson

  That the Board adopt the following recommendations in the report dated April 13, 2022 from the President:

  1. The Board of Directors approve the annual Audited Financial Statements of the Corporation for the fiscal year ending December 31, 2021, together with the signed report of the auditors KPMG LLP, as presented, to be submitted to the Shareholder at its Annual General Meeting on June 30, 2022.
  2. The Treasurer of the Corporation be authorized to sign the annual audited financial statements on behalf of the Board for submission to the Shareholder at its Annual General Meeting.
  Carried

F.

Other Business

None

G.

Private Session

The Board resolved into Private Session at 9:37 a.m. to consider the following:

G.1

Private Minutes - April 13, 2022 Board Meeting

G.2

Private Presentations

G.2.1

Yonge North Subway Extension Project Update

G.2.2

Canada Infrastructure Bank Exploratory Partnership Opportunity

G.2.3

YRRTC Management Response to the 2021 YRRTC Audit Report

G.2.4

Yonge North Subway Extension - Recoverable Costs Update

G.3

Private Communications

G.3.1

Municipal Services Corporation Board and Shareholder Meetings

G.4

Private Reports

G.4.1

The Canada Infrastructure Bank - Exploratory Partnership Opportunity

G.4.2

YRRTC Management Response to the 2021 Audit Report

G.4.3

Yonge North Subway Extension - Recoverable Costs Update

H.

Adjournment

There being no further business, the Board adjourned at 12:01 p.m.

 

________________________________                                                            
Mayor Frank Scarpitti
Chair

 

________________________________                                                           
Carol Clark for
Christopher Raynor, Corporate Secretary