City Council as Shareholder of Guelph Junction Railway Limited
Meeting Agenda

Tuesday, June 24, 2025 at 4:30 P.m. - 5:30 P.m.

Council Chambers

Guelph City Hall, 1 Carden Street

Changes to the original agenda are noted with an asterisk "*".

City Council as a Shareholder of GJR meetings are held in a hybrid format. Members of City Council and registered delegates may participate in person or virtually. If you're a member of the public and want to watch a meeting, you can attend in person or watch the meeting remotely on guelph.ca/live. Please note that live streams may not be available for all meetings.

 

Visit guelph.ca/delegate to submit correspondence or register to speak before Council regarding an item on this agenda. 

To listen to the meeting over the phone, call 1-416-216-5643 and enter access code 2342 531 7132.

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1.

Call to Order

1.1

Disclosure of Pecuniary Interest and General Nature Thereof

2.

Confirmation of Open Minutes

• Recommendation:
  1. That the minutes of the open City Council as Shareholder of GJR meetings held June 25, 2024, be confirmed as recorded and without being read.

3.

Guelph Junction Railway Limited 2024 Annual Report and Financial Reporting to the Shareholder , 2025-317

Presentation:
Jayne Holmes, Director and Chief Executive Officer, Guelph Junction Railway Limited/Deputy Chief Administrative Officer, Infrastructure, Development and Environment

• Recommendation:
  1. That City Council in its capacity as the Shareholder of the Guelph Junction Railway Limited receive the Guelph Junction Railway Limited 2024 Annual Report and Audited Financial Statements for information.

4.

Guelph Junction Railway Limited – Governance Update, 2025-301

• Recommendation:
  1. That the staff report dated June 24, 2025 entitled Guelph Junction Railway Limited – Governance Update be received.
  2. That the Amended and Restated Shareholder Declaration of The Corporation of the City of Guelph, as the sole shareholder of Guelph Junction Railway Limited, included as Attachment-1, be approved by resolution of the shareholder.
  3. That the Amended and Restated By-law Number 1 of Guelph Junction Railway Limited, included as Attachment-2, be approved by resolution of the shareholder.
  4. That the resignation of Tara Baker from the position of Chief Executive Officer of Guelph Junction Railway Limited be accepted and take effect at 11:59pm June 24, 2025.
  5. That the appointment of Jayne Holmes as Chief Executive Officer of Guelph Junction Railway Limited, as recommended by the Board of Directors, be approved, to take effect as of 12:00am June 25, 2025 and to hold office for the length of time to be determined by the directors, at their discretion, subject to earlier resignation or removal.
  6. That Gene Matthews be elected as a director of Guelph Junction Railway Limited to hold office for a term of up to three (3) years, subject to earlier resignation, removal, or election of his successor.
  7. That the appointment of Gene Matthews as Chief Financial Officer of Guelph Junction Railway Limited, as recommended by the Board of Directors, be approved, to hold office for the length of time to be determined by the directors, at their discretion, subject to earlier resignation or removal.
  8. That the appointment of James Goodram as Chief Operations Officer of Guelph Junction Railway Limited, as recommended by the Board of Directors, be approved, to hold office for the length of time to be determined by the directors, at their discretion, subject to earlier resignation or removal.

5.

Adjournment