Item - 2020.RZ8.1

RZ8.1 - 2020 Third Quarter Financial Results and Commentary

Decision Type:
ACTION
Status:
Without Recs

Confidential Attachment - 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 forwards the item to the Board of Directors of TO Live without recommendations.

Decision Advice and Other Information

The 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 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

(October 26, 2020) Report from the President and Chief Executive Officer, TO Live

Summary

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

Background Information

(October 26, 2020) Report from the President and Chief Executive Officer, TO Live on 2020 Third Quarter Financial Results and Commentary
https://www.toronto.ca/legdocs/mmis/2020/rz/bgrd/backgroundfile-157842.pdf
Confidential Attachment 1 - 2020 Third Quarter Operating Results Commentary
Confidential Attachment 2 - Update to Third Quarter Results

Motions

1 - Motion to Meet in Closed Session moved by Paul Bernards (Carried)

12:36 p.m. - That the Audit Committee recess its public meeting to meet 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.


2 - Motion to Amend Item moved by Councillor Gary Crawford (Carried)

That the Audit Committee forward the report to the Board of Directors of TO Live without recommendation.

Source: Toronto City Clerk at www.toronto.ca/council