Item - 2025.EX25.23

The Executive Committee recommends that:

1. City Council treat that portion of the City Council meeting at which the report (April 23, 2025) from Chief Executive Officer, CreateTO is considered as the Annual General Meeting of the Shareholder for Build Toronto Inc.:

a. receive the Board-approved 2024 Audited Financial Statements for Build Toronto Inc. from CreateTO's Chief Executive Officer, forming Attachment 1 to the report (April 23, 2025) from Chief Executive Officer, CreateTO;

b. receive the 2024 Annual Report for Build Toronto Inc. from CreateTO's Chief Executive Officer, forming Attachment 2 to the report (April 23, 2025) from Chief Executive Officer, CreateTO; and

c. receive the CreateTO's 2024 Highlights Report from CreateTO's Chief Executive Officer, forming Attachment 3 to the report (April 23, 2025) from Chief Executive Officer, CreateTO.

2. City Council, acting as shareholder of the corporation, and in accordance with section 148 of the Business Corporations Act, dispense with the requirement set out in section 149(2) of the Act to appoint an auditor for the current financial year during this Annual General Meeting.

Under CreateTO’s management, Build Toronto Inc. (Build Toronto) continues to support CreateTO to develop City buildings and lands for municipal purposes and deliver real estate solutions to advance City Council’s key public policy goals and meet the program needs of City Divisions, Agencies and Corporations (DACs).

Under the leadership and guidance of our Board of Directors, Build Toronto, through CreateTO, has brought stakeholders, partners and community members together to advance a number of key City-building initiatives. Please refer to Attachment 3, for CreateTO’s 2024 Highlights Report.