2025 Corporate Goals

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The decision

2025-03-04 · Toronto Parking Authority · amended

As filed

The Board of Directors of the Toronto Parking Authority: 1. Approved the 2025 Corporate Goals and performance targets as indicated in the report (February 14, 2025) from the President, Toronto Parking Authority, as amended by Part 3 below. 2. Directed the President, Toronto Parking Authority, to implement the 2025 Corporate Goals and performance targets for the Short-Term Incentive Plan as indicated in the report (February 14, 2025) from the President, Toronto Parking Authority, as amended by Part 3 below.

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3. Deferred the consideration of EV charging (Goal 5.2) as a performance measure for 2025 to the May 15, 2025 meeting of the Board of Directors of the Toronto Parking Authority.

On the agenda

As the city filed it

The purpose of this report is to provide a recommendation for the 2025 Corporate Goals and performance targets to be utilized in the Toronto Parking Authority's 2025 Short-Term Incentive Program (STIP). Toronto Parking Authority (TPA) continues its journey towards becoming the world's premiere provider of sustainable parking, bike share and last-mile mobility experiences. The organization is focused on creating a performance-based culture that consistently delivers sustainable results for its customers, staff and city stakeholders.

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This report provides a recommendation for the 2025 Corporate Goals, including specifics of the performance targets to be incorporated into the Short-Term Incentive Program for 2025.

Staff recommended

The President, Toronto Parking Authority recommends that: 1. The Board of Directors, Toronto Parking Authority, approve the 2025 Corporate Goals and performance targets as indicated in this report. 2. The Board of Directors, Toronto Parking Authority, direct the President, Toronto Parking Authority, to implement the 2025 Corporate Goals and performance targets for the Short-Term Incentive Plan as indicated in this report.

On the record

The item as the City filed it