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OC 492/2009 - Creation of The Global Transportation Hub Authority (Treasury Board Crown Corporation) (Minister of Highways and Infrastructure/Minister Responsible for Crown Investments Corporation)
Description:

Title: Creation of The Global Transportation Hub Authority (Treasury Board Crown Corporation)

Minister: Minister of Highways and Infrastructure and Minister Responsible for Crown Investments Corporation

Summary: Orders:

(a) the creation of a Treasury Board Crown corporation, to be known as The Global Transportation Hub Authority with a mandate to advise on, plan, develop, construct, operate, manage and promote Saskatchewan’s Global Transportation Hub (GTH) in a manner that:

    (i) creates an investment and operating environment for business that is secure, efficient, coordinated and orderly; and
    (ii) is consistent with the social and economic development of the Province;
b) the appointment of the following persons as members of the corporation and the board of directors of the corporation to serve at pleasure for a term not greater than three years from the date of this Order:

    Wayne Elhard       Eastend, Saskatchewan
(c) the designation of:
    (i) Wayne Elhard, as chairperson of the board;
    (ii) Regina, Saskatchewan as the head office of the corporation;
(d) that the rate of reimbursement of expenses for the members of the board of directors, other than a government employee, is fixed in accordance with the tariff of travel and sustenance expenses approved under The Public Service Act, 1998 for employees in the Public Service;

(e) that the period commencing on April 1 in one year and ending on March 31 of the following year is fixed as the fiscal year of the corporation;

(f) that $5,000,000.00 (five million dollars) is fixed as the amount above which the corporation shall obtain the approval of the Lieutenant Governor in Council before purchasing, leasing or otherwise acquiring any interest in real or personal property;

(g) that $5,000,000.00 (five million dollars) is fixed as the amount above which the corporation shall obtain the approval of the Lieutenant Governor in Council before selling, leasing or otherwise disposing of any interest in real or personal property;

(h) that $10,000,000.00 (ten million dollars) is fixed for the purposes of section 43 as the amount above which the corporation may not borrow money;

(i) that the corporation shall meet the following objects and purposes:

To undertake such activities as may be required to properly advise on, plan, develop, construct, manage and operate the GTH, including:
    (i) to identify and advise on, key issues, opportunities and planning options that should be considered in development of the GTH;
    (ii) to develop the critical operating functions and business parameters essential for long term operation, sustainability ad competitiveness of the GTH;
    (iii) to create, encourage and facilitate business opportunities involving or associated with the GTH, including undertaking marketing and development initiatives to potential businesses and clients;
    (iv) subject to clauses (g) and (h) to acquire by purchase, lease or otherwise real and personal property required for the purposes of the GTH and sell, lease or otherwise dispose of such property when no longer required for the purposes of the corporation
(j) that the corporation may exercise the following powers:
    (i) to enter into agreements or arrangements with any person for any purpose related to the exercise of the corporation’s objects and purposes;
    (ii) to grant charges or security interests in property held by the corporation;
    (iii) to enter into and participate in business structures, including partnerships and joint undertakings to further the objects and purposes of the corporation;
    (iv) to erect, construct, alter or equip buildings and other structures which may be conducive to fulfil the objects and purposes of the corporation;
    (v) to apply for and obtain any necessary permits, zonings, statutory or regulatory approvals or authorizations which may be required to fulfil the purposes and objects of the corporation;
    (vi) to develop, service or otherwise improve lands as required to fulfil the objects and purposes of the corporation;
    (vii) to accept grants, payments, subscriptions, donations, gifts and bequests, whether of real or personal property from any person, including funds appropriated by the Legislature or by the Parliament of Canada, for any purpose related to the exercise of the corporation’s objects and purposes;
    (viii) to have all other powers necessary, incidental or conducive to the efficient performance and exercise of the bojets and purposes prescribed in the foregoing clauses; and
(k) that the Minister of Finance is appointed as the agent of the corporation for the purposes of making investments pursuant to subsection 45(1) of The Crown Corporations Act, 1993, or disposing of those investments.

See: The Crown Corporations Act, 1993, sections 14, 15, 18, 23 and 31





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