City of Toronto Seeking Six Public Members for the
NEW Toronto Realty Agency Board
The City of Toronto is currently seeking applications from Toronto residents with senior and executive-level experiences for the NEW Toronto Realty Agency Board.
The Toronto Realty Agency Board is a City Board, established under the City of Toronto Act, 2006, that is responsible for managing the City’s real estate portfolio, developing City buildings and lands for municipal purposes, and delivering client-focused real estate solutions to City divisions, agencies, and corporations.
The Board is responsible for overseeing the strategic vision and managing the business and affairs of the Toronto Realty Agency and holding corporation(s). The Chair is responsible for ensuring that meetings are effective, that decisions are consistent with the Board's mandate, and that the Board meets its accountability requirements; preparing an annual performance report to City Council for the Board's approval; and coordinating the Board's operational activities, including liaising with the City Clerk's Office and the Chief Corporate Officer.
To be eligible for appointment to the Board, you must be:
- A resident of the City of Toronto; and
- At least 18 years old.
Public members are ineligible for appointment if they supply goods or services to the City of Toronto; have an employment or an interest in an organization that is involved in a real estate transaction with the City of Toronto; and/or are involved in litigation with the City of Toronto.
TERM OF OFFICE:
The term of office is four years (specifically, from November 2017 to November 2021). For continuity, the terms of the public members will be staggered so that the terms of three public members expire every two years.
The Board consists of 9 members composed of:
- 6 public members, one of whom serves as Chair
- The Mayor or designate appointed by the Mayor
- 2 Members of Council
Public members should collectively have the following skills, experience, and expertise:
- Executive-level experience in a major public, private, or not-for-profit organization;
- Experience in large-scale transformative change and implementing complex business strategies;
- Post-graduate degree preferred in any one of the following fields: finance, business, economics, risk management, accounting, public administration, urban planning, engineering, or law;
- Senior level experience and professional skills in real estate, property development, urban planning, facilities management, investment industry, infrastructure delivery, community development, economic development, brownfield remediation, or environmental sustainability; and/or
- A certificate in board governance or training in a related field, such as director's education, is preferred.
In addition to the above qualifications for public members, the Chair should have the following skills, experience, and expertise:
- Highly-developed chairing and facilitation skills;
- The ability to effectively represent the Board and communicate with City Council, City Committees, City staff, the media, and the public; and
- Well-developed leadership and administrative skills.
The Chair will need to be an effective leader and will be required to demonstrate additional expertise and skills in order to perform this role effectively.
The Board will meet approximately 8-10 times per year, or at the call of the Chair, during business hours at Toronto City Hall (near Queen and Bay Streets) in downtown Toronto.
- Chair: An annual retainer of $50,000 and $500 per meeting, to a maximum of $70,000 in total annual retainer.
- Public members: An annual retainer of $10,000 and $500 per meeting, to a maximum of $20,000 in total annual retainer.
DEADLINE, HOW TO APPLY, AND QUESTIONS: