Build Toronto Inc. 2024 Annual General Meeting and Audited Financial Statements

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The decision

2025-07-23 · Toronto City Council · adopted

As filed

City Council on July 23 and 24, 2025, adopted the following: 1. City Council treat that portion of the City Council meeting at which the report (April 23, 2025) from Chief Executive Officer, CreateTO is considered as the Annual General Meeting of the Shareholder for Build Toronto Inc. and: a. receive the Board-approved 2024 Audited Financial Statements for Build Toronto Inc. from CreateTO's Chief Executive Officer, forming Attachment 1 to the report (April 23, 2025) from Chief Executive Officer, CreateTO; b.

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receive the 2024 Annual Report for Build Toronto Inc. from CreateTO's Chief Executive Officer, forming Attachment 2 to the report (April 23, 2025) from Chief Executive Officer, CreateTO; and c. receive the CreateTO's 2024 Highlights Report from CreateTO's Chief Executive Officer, forming Attachment 3 to the report (April 23, 2025) from Chief Executive Officer, CreateTO. 2. City Council, acting as shareholder of the corporation, and in accordance with section 148 of the Business Corporations Act, dispense with the requirement set out in section 149(2) of the Act to appoint an auditor for the current financial year during this Annual General Meeting.

On the agenda

As the city filed it

Under CreateTO's management, Build Toronto Inc. (Build Toronto) continues to support CreateTO to develop City buildings and lands for municipal purposes and deliver real estate solutions to advance City Council's key public policy goals and meet the program needs of City Divisions, Agencies and Corporations (DACs). Under the leadership and guidance of our Board of Directors, Build Toronto, through CreateTO, has brought stakeholders, partners and community members together to advance a number of key City-building initiatives.

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Please refer to Attachment 3, for CreateTO's 2024 Highlights Report.

Staff recommended

Build Toronto Inc. Board recommends that: 1. City Council treat that portion of the City Council meeting at which this report is considered as the Annual General Meeting of the Shareholder for Build Toronto Inc., and: a. receive the Board-approved 2024 Audited Financial Statements for Build Toronto Inc. from CreateTO's Chief Executive Officer, forming Attachment 1 to this report; b. receive the 2024 Annual Report for Build Toronto Inc.

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from CreateTO's Chief Executive Officer, forming Attachment 2 to this report; and c. receive the CreateTO's 2024 Highlights Report from CreateTO's Chief Executive Officer, forming Attachment 3 to this report. 2. City Council, acting as shareholder of the corporation, dispense with the requirement to appoint an auditor for the current financial year during this Annual General Meeting pursuant to section 149(2) of the Business Corporations Act.

Considered

2025-07-16 · Executive Committee · amended
Decision as filed
The Executive Committee recommends that: 1. City Council treat that portion of the City Council meeting at which the report (April 23, 2025) from Chief Executive Officer, CreateTO is considered as the Annual General Meeting of the Shareholder for Build Toronto Inc.: a. receive the Board-approved 2024 Audited Financial Statements for Build Toronto Inc. from CreateTO's Chief Executive Officer, forming Attachment 1 to the report (April 23, 2025) from Chief Executive Officer, CreateTO; b.
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receive the 2024 Annual Report for Build Toronto Inc. from CreateTO's Chief Executive Officer, forming Attachment 2 to the report (April 23, 2025) from Chief Executive Officer, CreateTO; and c. receive the CreateTO's 2024 Highlights Report from CreateTO's Chief Executive Officer, forming Attachment 3 to the report (April 23, 2025) from Chief Executive Officer, CreateTO. 2. City Council, acting as shareholder of the corporation, and in accordance with section 148 of the Business Corporations Act, dispense with the requirement set out in section 149(2) of the Act to appoint an auditor for the current financial year during this Annual General Meeting.
2025-07-23 · Toronto City Council · adopted

On the record

The item as the City filed it

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