York Region Rapid Transit Corporation
Board of Directors
Minutes of the
Board Meeting Held on January 15, 2015
The Board of Directors of York Region Rapid Transit Corporation met at 10:45 a.m. in Committee Room A, Regional Administrative Centre, 17250 Yonge Street, Newmarket, Ontario.
Directors present at this meeting:
Mayor Scarpitti - Chair
Mayor Bevilacqua – Vice Chair
Mayor Barrow
Regional Chair Emmerson
Regional Councillor Jones
Regional Councillor Spatafora
Mayor Van Bynen
Others:
Regional Councillor Armstrong
Regional Councillor Li
Staff:
D. Albers, M. Cheong, D. Clark, J. Lin, P. May, C. Ryall, M.F. Turner
Regional Staff:
L. Bigioni, A.M. Carroll, P. Casey, B. Hughes, J. Hulton, J. Ingram,
D. Kostopoulos, B. Macgregor, C. Raynor, E. Wilson
[Accessible formats or communication supports are available upon request
Contact: Regional Clerk’s Office, @email, 18774649675 extension 71320]
Disclosures of Interest
None
15-1 Appointment of Chairman of the Board
It was moved by Regional Chair Emmerson and seconded by Mayor Van Bynen that Mayor Scarpitti be appointed as Chairman of the Board until his successor is appointed in accordance with the Business Corporations Act and the Corporation’s Bylaws, which was Carried.
15-2 Appointment of Chief Executive Officer
It was moved by Regional Councillor Spatafora and seconded by Regional Councillor Jones that Regional Chair Emmerson be appointed as Chief Executive Officer until his successor is appointed in accordance with the Business Corporations Act and the Corporation’s Bylaws, which was Carried.
15-3 Appointment of Vice Chair
It was moved by Mayor Van Bynen and seconded by Mayor Barrow that Mayor Bevilacqua be appointed as Vice Chair until his successor is appointed in accordance with the Business Corporations Act and the Corporation’s Bylaws, which was Carried.
[The titles of the following Minutes and Reports are links that will open the items]
15-4 Approval of Minutes of the September 4, 2014 Board Meeting
It was moved by Mayor Van Bynen and seconded by Regional Councillor Spatafora that the Board confirm the Minutes of the September 4, 2014 meeting of the Board of Directors of York Region Rapid Transit Corporation, which was Carried.
15-5 Introduction to York Region Rapid Transit Corporation
Ms. M.F. Turner introduced the Directors to the governance, activities and key staff of the Corporation.
15-6 2015-2025 Business Plan: Annual Update
Ms. M.F. Turner, President and Mr. D. Albers, Chief Communications Officer, presented an update. Discussion included the Highway 7 rapidway, funded and unfunded projects, electrification and transit developments in Toronto. It was noted the Region needs to be fully engaged in discussions with Metrolinx and Toronto.
A Report of the President, dated January 5, 2015, was presented recommending that:
1. The attached 2015 – 2025 Business Plan of York Region Rapid Transit Corporation be received for information.
It was moved by Regional Councillor Spatafora and seconded by Regional Chair Emmerson that the Board receive the foregoing update and adopt the recommendation, which was Carried.
15-7 YRRTC – 2015 Regional Multi-Year Capital and Operating Expenditures Budget
Mr. M. Cheong, Chief Financial Officer, presented information. It was noted that the change in methdology for debt repayment costs, which are now held at the Region level, will not impact the Region’s Annual Repayment Limit.
A Report of the President, dated January 15, 2015, was presented recommending that:
1. The York Region Rapid Transit Corporation (YRRTC) Board of Directors endorse and advance the 2015 Regional Multi-Year Capital Expenditures Budget of $488.3 million for YRRTC
2. The York Region Rapid Transit Corporation (YRRTC) Board of Directors endorse and advance the 2015 Regional Operating Expenditures Budget of $9.2 million and 2016-2018 Outlook for YRRTC
It was moved by Mayor Barrow and seconded by Mayor Bevilacqua that the Board receive the foregoing update and adopt the recommendations, which was Carried.
15-8 YRRTC - 2015 Metrolinx Multi-Year Capital Expenditures Budget
Mr. M. Cheong, Chief Financial Officer, presented information.
A Report of the President, dated January 15, 2015, was presented recommending that:
1. The York Region Rapid Transit Corporation (YRRTC) Board of Directors endorse the 2015 Metrolinx Multi-Year Capital Expenditures Budget of $1.04 billion for YRRTC.
It was moved by Mayor Barrow and seconded by Mayor Bevilacqua that the Board receive the foregoing update and adopt the recommendation, which was Carried.
15-9 Private Session
The Board resolved in private session from 12:03 p.m. to 12:45 p.m.
There being no further business, the Board adjourned at 12:45 p.m.
Mayor Scarpitti, Chair
Janie Lin, Corporate Secretary
