Item - 2025.NC18.2
Tracking Status
- City Council adopted this item on June 25 and 26, 2025 without amendments.
- This item was considered by Corporations Nominating Panel on June 13, 2025 and was adopted with amendments. It will be considered by City Council on June 25 and 26, 2025.
NC18.2 - Appointment of Public Members to the Waterfront Toronto Board
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on June 25 and 26, 2025, adopted the following:
1. City Council appoint the following public members to the Waterfront Toronto Board, at pleasure of Council, for a term of office ending June 27, 2028, and until successors are appointed.
Derek Ballantyne;
Laurie Payne; and
Matti Siemiatycki.
2. City Council direct that Confidential Attachments 1 to 3 to the report (June 3, 2025) from the City Clerk remain confidential in their entirety as they relate to personal matters about identifiable individuals being considered for appointment to the Waterfront Toronto.
Confidential Attachments 1 to 3 to the report (June 3, 2025) 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 Waterfront Toronto.
City Council Decision Advice and Other Information
Appointees' biographies:
Derek Ballantyne
Derek is and a Managing Partner with New Market Funds (an innovative social impact investment platform with a focus on housing affordability and community lending), and Chief Executive Officer of Boann Social Capital an impact investment fund and one of three capital wholesalers for the Federal Social Finance. He was Chair, Canada Mortgage and Housing Board from April 2018 to May 2024. He has focused much of his career on community and impact investment and housing affordability.
Laurie Payne
Laurie is a founder and partner at Osmington Gerofsky Development Corp, overseeing all aspects of operations and project execution. Laurie is responsible for development strategy, site acquisition, project approvals and delivery to the market. Building on 20 years in the industry, Laurie has secured approval for over 30 million square feet of development. Laurie was named Urban Land Institute’s global “40Under40” and is a founding member of the Urban Land Institute Women's Leadership Initiative.
Matti Siemiatycki
Matti Siemiatycki is the Director of the Infrastructure Institute at the School of Cities, University of Toronto, and Professor in the Department of Geography and Planning. His work focuses on delivering large-scale infrastructure projects, evidence based infrastructure investment decisions, and the effective integration of infrastructure into the fabric of cities. He consults widely on infrastructure policy and is a frequent media commentator on infrastructure and city planning.
Confidential Attachment - Personal matters about identifiable individuals who are being considered for appointment to the Waterfront Toronto Board.
Background Information (Panel)
https://www.toronto.ca/legdocs/mmis/2025/nc/bgrd/backgroundfile-256089.pdf
Confidential Attachment 1 - List of Eligible Candidates, Qualifications, Confidential Diversity Information Summary, and Applications for Appointment to the Waterfront Toronto Board
Confidential Attachment 2 - Skills Matrix for the Highly Qualified Candidates for the Waterfront Toronto Board
Confidential Attachment 3 - Interview schedule for June 13, 2025
Motions (City Council)
NC18.2 - Appointment of Public Members to the Waterfront Toronto Board
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - Personal matters about identifiable individuals who are being considered for appointment to the Waterfront Toronto Board.
Panel Recommendations
The Corporations Nominating Panel recommends that:
1. City Council appoint the following public members to the Waterfront Toronto Board, at pleasure of Council, for a term of office ending June 27, 2028, and until successors are appointed.
Derek Ballantyne;
Laurie Payne; and
Matti Siemiatycki.
2. City Council direct that Confidential Attachments 1 to 3 to the report (June 3, 2025) from the City Clerk remain confidential in their entirety as they relate to personal matters about identifiable individuals being considered for appointment to the Waterfront Toronto.
Decision Advice and Other Information
Candidate's biographies
Derek Ballantyne
Derek is and a Managing Partner with New Market Funds (an innovative social impact investment platform with a focus on housing affordability and community lending), and Chief Executive Officer of Boann Social Capital an impact investment fund and one of three capital wholesalers for the Federal Social Finance. He was Chair, Canada Mortgage and Housing Board from April 2018 to May 2024. He has focused much of his career on community and impact investment and housing affordability.
Laurie Payne
Laurie is a founder and partner at Osmington Gerofsky Development Corp, overseeing all aspects of operations and project execution. Laurie is responsible for development strategy, site acquisition, project approvals and delivery to the market. Building on 20 years in the industry, Laurie has secured approval for over 30 million square feet of development. Laurie was named Urban Land Institute’s global “40Under40” and is a founding member of the Urban Land Institute Women's Leadership Initiative.
Matti Siemiatycki
Matti Siemiatycki is the Director of the Infrastructure Institute at the School of Cities, University of Toronto, and Professor in the Department of Geography and Planning. His work focuses on delivering large-scale infrastructure projects, evidence based infrastructure investment decisions, and the effective integration of infrastructure into the fabric of cities. He consults widely on infrastructure policy and is a frequent media commentator on infrastructure and city planning.
Origin
Summary
The Corporations Nominating Panel will conduct interviews and recommend three public members for appointment to the Waterfront Toronto Board.
Background Information
https://www.toronto.ca/legdocs/mmis/2025/nc/bgrd/backgroundfile-256089.pdf
Confidential Attachment 1 - List of Eligible Candidates, Qualifications, Confidential Diversity Information Summary, and Applications for Appointment to the Waterfront Toronto Board
Confidential Attachment 2 - Skills Matrix for the Highly Qualified Candidates for the Waterfront Toronto Board
Confidential Attachment 3 - Interview schedule for June 13, 2025
Motions
The Corporations Nominating Panel recommends that:
1. City Council appoint the following candidates to the Waterfront Toronto Board, at pleasure of Council, for a term of office ending June 27, 2028, and until successors are appointed:
Derek Ballantyne;
Laurie Payne; and
Matti Siemiatycki.