Item - 2019.CT7.10
Tracking Status
- This item was considered by Board of Directors of TO Live on November 19, 2019. The Board of Directors of TO Live has referred this item to an official or other body without making a decision. Consult the text of the decision for further information on the referral.
CT7.10 - Meridian Credit Cards
- Decision Type:
- ACTION
- Status:
- Referred
Confidential Attachment - Contains financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization
Board Decision
The Board of Directors of TO Live:
1. Referred the item back to the President and Chief Executive Officer, TO Live to modify the Credit Card agreement in accordance with the confidential instructions to staff attached to motion 1 by Paul Bernards at the TO Live Audit Committee meeting of November 15, 2019.
Decision Advice and Other Information
The Board of Directors of TO Live recessed its public session and met in closed session to consider the item as it contains financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Origin
Summary
The purpose of this report is to request the Board's approval to enter into a credit card agreement with Meridian Credit Union.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-139769.pdf
Confidential Attachment 1 - Meridian Credit Card Agreement
Confidential Attachment 2 - Meridian Rates, Fees and Terms Schedule
Confidential Attachment 3 - Meridian Credit Card Holders List
Motions
That the Board of Directors of TO Live adopt the following recommendation contained in the Decision Letter (November 15, 2019) from the TO Live Audit Committee:
1. That the Board of Directors of TO Live refer the item back to the President and Chief Executive Officer, TO Live to modify the Credit Card agreement in accordance with the confidential instructions to staff attached to motion 1 by Paul Bernards at the TO Live Audit Committee meeting of November 15, 2019.
10a - Meridian Credit Cards
Origin
Summary
At its meeting on November 15, 2019, the TO Live Audit Committee recommended that the Board of Directors of TO Live:
1. Refer the item back to TO Live staff to modify the Credit Card agreement in accordance
with the confidential instructions to staff attached to motion 1 by Paul Bernards.
The purpose of this report is to request the Board's approval to enter into a credit card
agreement with Meridian Credit Union.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-140126.pdf