Lakeshore Arena Corporation 2022 Annual General Meeting and Audited Financial Statements

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The decision

2023-07-19 · Toronto City Council · adopted

As filed

City Council on July 19 and 20, 2023, adopted the following: 1. City Council treat that portion of the City Council meeting at which the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation is considered as the Annual General Meeting of the Shareholder for Lakeshore Arena Corporation by: a. receiving Board-approved the "Lakeshore Arena Corporation 2022 Annual Report" and the "Lakeshore Arena Corporation 2022 Audited Financial Statements" forming Attachments 1 and 2 to the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation, respectively; b.

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appointing Welch LLP as the Auditor of Lakeshore Arena Corporation for fiscal year 2023, and authorizing the Board of Directors of Lakeshore Arena Corporation to fix the remuneration of the Auditor; and c. receiving the "Lakeshore Arena Corporation Executive Compensation Disclosure 2022" forming Attachment 3 to the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation. 2. City Council forward a copy of the "Lakeshore Arena Corporation 2022 Audited Financial Statements" forming Attachment 2 to the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation to the Audit Committee for information.

On the agenda

As the city filed it

At its meeting of June 23, 2023, the Board of the Lakeshore Arena Corporation (LAC, operating as the Ford Performance Centre), considered the report from the Executive Director of LAC, forming Attachment 4 of this letter. The Board approved recommendations in the report, as shown above.

Staff recommended

The Board of Directors of the Lakeshore Arena Corporation recommends: 1. That City Council treat that portion of the City Council meeting at which this item is considered as the Annual General Meeting of the Shareholder for Lakeshore Arena Corporation, and: a. receive Board-approved the "Lakeshore Arena Corporation 2022 Annual Report", and the "Lakeshore Arena Corporation 2022 Audited Financial Statements", forming Attachments 1 and 2 to this letter, respectively; b.

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appoint Welch LLP as the Auditor of Lakeshore Arena Corporation for fiscal year 2023, and authorize the Board of Directors of Lakeshore Arena Corporation to fix the remuneration of the Auditor; and, c. receive the "Lakeshore Arena Corporation Executive Compensation Disclosure 2022", forming Attachment 3 to this letter; 2. That City Council forward a copy of the "Lakeshore Arena Corporation 2022 Audited Financial Statements", forming Attachment 2 to this letter, to the Audit Committee for information.

Considered

2023-07-11 · Executive Committee · adopted
Decision as filed
The Executive Committee recommends that: 1. City Council treat that portion of the City Council meeting at which the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation is considered as the Annual General Meeting of the Shareholder for Lakeshore Arena Corporation by: a. receiving Board-approved the "Lakeshore Arena Corporation 2022 Annual Report" and the "Lakeshore Arena Corporation 2022 Audited Financial Statements" forming Attachments 1 and 2 to the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation, respectively; b.
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appointing Welch LLP as the Auditor of Lakeshore Arena Corporation for fiscal year 2023, and authorizing the Board of Directors of Lakeshore Arena Corporation to fix the remuneration of the Auditor; and c. receiving the "Lakeshore Arena Corporation Executive Compensation Disclosure 2022" forming Attachment 3 to the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation. 2. City Council forward a copy of the "Lakeshore Arena Corporation 2022 Audited Financial Statements" forming Attachment 2 to the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation to the Audit Committee for information.
2023-07-19 · Toronto City Council · adopted

On the record

The item as the City filed it

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