Agreement with Toronto Event Centre Inc.

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2019-06-13 · Board of Governors of Exhibition Place · amended

As filed

The Board of Governors of Exhibition Place: 1. Subject to obtaining the necessary City of Toronto authorization, approved an Agreement with the Toronto Event Centre Inc. respecting Article 4 of the Toronto Event Centre Lease, substantially on the terms and conditions set out in Confidential Attachment 1 to the report (May 30, 2019) from the Chief Executive Officer, Exhibition Place, and any such other terms and conditions deemed appropriate by the Deputy City Manager, Corporate Services (the "DCM"), the Chief Executive Officer, Exhibition Place and in a form satisfactory to the City Solicitor.

Show the rest of As filed, 1,001 more characters as filed

2. Authorized the Chief Executive Officer to request the necessary City of Toronto authorities to approve the Agreement with the Toronto Event Centre Inc. 3. Directed the Chief Executive Officer to report back to the Board at its meeting on September 19, 2019, on compliance with the Agreement with the Toronto Event Centre Inc. 4. Directed the Chief Executive Officer to not undertake any construction activities on the patio of Toronto Event Centre related to the reinstatement of the sculpture Hercules but report back to the Board at its meeting on September 19, 2019 on the condition of Hercules and the results of the conservation and restoration efforts. 5. Directed that Confidential Attachment 1 to the report (May 30, 2019) from the Chief Executive Officer, Exhibition Place, remain confidential in its entirety and not be released publicly as it is about a position, plan or instruction to be applied to negotiations carried on or to be carried on by or on behalf of the Board and the City.

On the agenda

As the city filed it

The Board and Muzik Clubs Inc. ("Muzik") entered into a lease dated February 16, 2004, for premises consisting of the Horticultural Building and a surrounding patio area which lease was subsequently assigned by Muzik to Toronto Event Centre Inc. (the "Tenant") on April 27, 2017, and which expires on February 15, 2024 (the "TEC Lease"). This report recommends that the Board approve entering an Agreement with the Tenant respecting Article 4 of the TEC Lease, on the terms set out in Confidential Attachment 1 (the "Agreement").

Show the rest of As the city filed it, 85 more characters as filed

If the Board approves the Agreement, the approval of the City would also be required.

Staff recommended

The Chief Executive Officer recommends that: 1. Subject to obtaining the necessary City of Toronto authorization, the Board approve an Agreement with the Toronto Event Centre Inc. respecting Article 4 of the Toronto Event Centre Lease, substantially on the terms and conditions set out in Confidential Attachment 1, and any such other terms and conditions deemed appropriate by the Deputy City Manager, Corporate Services (the "DCM"), the Chief Executive Officer of the Board (the "CEO") and in a form satisfactory to the City Solicitor.

Show the rest of Staff recommended, 635 more characters as filed

2. The Board authorize the Chief Executive Officer to request the necessary City of Toronto authorities to approve the Agreement with the Toronto Event Centre Inc. 3. The Board direct the Chef Executive Officer to report back to the Board at its meeting on September 19, 2019, on compliance with the Agreement with the Toronto Event Centre Inc. 4. The Board direct that Confidential Attachment 1 to this report remain confidential in its entirety and not be released publicly as this report is about a position, plan or instruction to be applied to negotiations carried on or to be carried on by or on behalf of the Board and the City.

On the record

The item as the City filed it

More from this meeting

The whole meeting