Agencies, Boards, Commissions and Corporations (ABCCs) > Ontario Business Corporation Act (OBCA Corporations)
Build Toronto Corporation Board of Directors
The mandate of Build Toronto is to unlock the value in under-utilized lands and use the available City and ABC (agencies, boards and commissions) land base to attract targeted industries, stimulate the creation of desirable employment, and regenerate neighbourhoods.
Build Toronto Corporation was established by City Council in October 2008 under the authority of the City of Toronto Act, Ontario Regulation 609/06. Build Toronto is incorporated under the Ontario Business Corporations Act, with the City of Toronto as its sole shareholder.
Board responsibilities
The board of directors is responsible for supervising the management of the business and affairs of the Corporation, including the following specific activities:
- developing City and ABC (agencies, boards and commissions) surplus lands and excess real estate with development potential
- working with other sectors in urban regeneration
- remediating brownfields
- catalyst development
- recommending to the City optimal use of City real estate holdings
- using financial incentive tools as provided by the City
"Developing" is intended to imply a wide range of activities focused on unlocking value including acquisition and disposition of properties, project management, financing, environmental remediation, planning and rezoning and joint ventures with other private and public sector organizations.
Term of office
Two years with a renewal term of two years (without recruitment, with full recruitment every four years).
Composition
The board consists of 14 members:
- Chair - 1 resident of Toronto who is not an elected official or an employee of the City or any of its ABCCs (agencies, boards, commissions or corporations)
- Vice-chair - the Mayor's designate (currently a City Councillor)
- 7 residents of Toronto who are not elected officials or employees of the City or any of its ABCCs (agencies, boards, commissions or corporations)
- 3 City Councillors including the Chair of the City's Economic Development Committee, as appointed by City Council
- 1 General Manager of Economic Development, Culture (City of Toronto staff)
- 1 Chief Corporate Officer (City of Toronto staff)
Meetings
The board meets monthly or at the call of the Chair.
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