Item - 2026.EX33.22

The Executive Committee recommends that:

1. City Council in its capacity as one of the Shareholders of Toronto Pan Am Sports Centre Inc. adopt and authorize the City Manager to sign the Resolutions of the Shareholders attached as Attachments 3 and 4 to the letter (July 7, 2026) from the Secretary, Board of Directors, Toronto Pan Am Sports Centre on behalf of the City that resolve:

a. Financial Statements

1. the audited financial statements of the Corporation for the financial year ending December 31, 2025 are received; and

b. Appointment of Auditors

1. Welch LLP are re-appointed as the auditors of the Corporation until the close of the next annual meeting of the Shareholders or until their successors are duly appointed; and

2. the remuneration of the auditors will be fixed by the directors who are hereby authorized to fix that remuneration.

The Toronto Pan Am Sports Centre (TPASC) 2025 Overview (Attachment 1) provides a brief history of the organization, 2025 operating highlights, an overview of annual general meeting requirements, Board actions related to appointment of the 2026 auditor, 2025 financial statement summary, results of the financial statement audit, 2025 operating financial results, background on the 2026 budget, the future outlook of the organization and a description of the Board composition.