Item - 2020.RZ6.4

Tracking Status

This item was considered by TO Live - Audit Committee on June 23, 2020 and was adopted without amendment.

RZ6.4 - 2020 First Quarter Financial Results and Commentary

Decision Type:: ACTION

Status:: Adopted

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

Committee Decision

The TO Live - Audit Committee recommends that the Board of Directors of TO Live:

1. Approve the 2020 first quarter financial operating results, as noted in Confidential Attachment 1 and 2 to the report (June 9, 2020) from the President and Chief Executive Officer, TO Live.

2. Direct that Confidential Attachment 1 and 2 to the report (June 9, 2020) from the President and Chief Executive Officer, TO Live, remain confidential in their entirety because 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.

Decision Advice and Other Information

The TO Live - Audit Committee recessed its public meeting to meet in closed session to consider the item as it contains financial information supplied in confidence to the TO Live - Audit Committee, 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

(June 9, 2020) Report from the President and Chief Executive Officer, TO Live

Summary

The purpose of this report is to present the 2020 first quarter financial results to the Board.

Background Information

(June 9, 2020) Report from the President and Chief Executive Officer, TO Live on 2020 First Quarter Financial Results and Commentary
https://www.toronto.ca/legdocs/mmis/2020/rz/bgrd/backgroundfile-147885.pdf
Confidential Attachment 1 - 2020 First Quarter Operating Results Commentary
Confidential Attachment 2 - Development Pipeline

Motions

1 - Motion to Adopt Item moved by Councillor Gary Crawford (Carried)