Item - 2023.CA5.4
Tracking Status
- City Council adopted this item on May 10, 11 and 12, 2023 without amendments.
- This item was considered by Civic Appointments Committee on April 19, 2023 and was adopted with amendments. It will be considered by City Council on May 10, 11 and 12, 2023.
CA5.4 - Appointment of a Public Member to the Toronto Investment Board
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on May 10, 11 and 12, 2023, adopted the following:
1. City Council appoint the following candidate to the Toronto Investment Board, at pleasure of Council, for a term of office ending on May 12, 2027, and until a successor is appointed:
Terry Carr
2. City Council direct that the balance of Confidential Attachment 1 and Confidential Attachments 2 and 3 to the report (April 5, 2023) from the City Clerk remain confidential as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.
The balance of Confidential Attachment 1 and Confidential Attachments 2 to 3 to the report (April 5, 2023) from the City Clerk remain confidential in their entirety in accordance with the provisions of the City of Toronto Act, 2006, as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.
City Council Decision Advice and Other Information
Candidate's biography:
Terry Carr
Terry Carr has had the privilege and honour to work in the investment industry in a leadership role for almost four decades. His professional background was focused on capital markets, specifically, in fixed income portfolio management. He is intimately familiar with the City's borrowing needs, as a former Canadian Fixed Income Chief Investment Officer, with Manulife Investment Management.
Confidential Attachment - Personal matters about identifiable individuals who are being considered for appointment to the Toronto Investment Board.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2023/ca/bgrd/backgroundfile-235624.pdf
Confidential Attachment 1 - List of Candidates, Qualifications, Confidential Diversity Information Summary, and Applications for Appointment to the Toronto Investment Board (previously circulated with Item CA4.2)
Confidential Attachment 2 - Interview questions for April 19, 2023 (to be circulated under separate cover)
Confidential Attachment 3 - Interview schedule for April 19, 2023 (to be circulated under separate cover)
Motions (City Council)
CA5.4 - Appointment of a Public Member to the Toronto Investment Board
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - Personal matters about identifiable individuals who are being considered for appointment to the Toronto Investment Board.
Committee Recommendations
The Civic Appointments Committee recommends that:
1. City Council appoint the following candidate to the Toronto Investment Board, at the pleasure of Council, for a term of office ending on May 12, 2027, and until a successor is appointed:
Terry Carr
2. City Council direct that the balance of Confidential Attachment 1 and Confidential Attachments 2 and 3 to the report (April 5, 2023) from the City Clerk remain confidential as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.
Decision Advice and Other Information
Candidate's biography:
Terry Carr
Terry Carr has had the privilege and honour to work in the investment industry in a leadership role for almost four decades. His professional background was focused on capital markets, specifically, in fixed income portfolio management. He is intimately familiar with the City's borrowing needs, as a former Canadian Fixed Income Chief Investment Officer, with Manulife Investment Management.
Origin
Summary
The Civic Appointments Committee will conduct interviews and recommend one candidate to City Council for appointment to the Toronto Investment Board.
Background Information
https://www.toronto.ca/legdocs/mmis/2023/ca/bgrd/backgroundfile-235624.pdf
Confidential Attachment 1 - List of Candidates, Qualifications, Confidential Diversity Information Summary, and Applications for Appointment to the Toronto Investment Board (previously circulated with Item CA4.2)
Confidential Attachment 2 - Interview questions for April 19, 2023 (to be circulated under separate cover)
Confidential Attachment 3 - Interview schedule for April 19, 2023 (to be circulated under separate cover)
Motions
That:
1. City Council appoint the following candidate to the Toronto Investment Board, at the pleasure of Council, for a term of office ending on May 12, 2027, and until a successor is appointed:
Terry Carr
2. City Council direct that the balance of Confidential Attachment 1 and Confidential Attachments 2 and 3 to the report (April 5, 2023) from the City Clerk remain confidential as they relate to personal matters about identifiable individuals being considered for appointment to the Toronto Investment Board.