Update Regarding the Ferncastle Arbitration Concerning Outstanding Sony Centre Redevelopment Issues

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The decision

2022-12-05 · TO Live · adopted

As filed

The Board of Directors of TO Live: 1. Adopted the confidential instructions to staff in Confidential Attachment 1 to the report (December 5, 2022) from the President and Chief Executive Officer, TO Live and the City Solicitor. 2. Directed that the confidential information contained in Confidential Attachment 1 to the report (December 5, 2022) from the President and Chief Executive Officer, TO Live and the City Solicitor

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remain confidential in its entirety, as it contains advice or communications that are subject to solicitor-client privilege or which are the subject matter of litigation or contemplated litigation.

On the agenda

As the city filed it

The purpose of this report is to provide the Board with an update and request instructions with respect to the arbitration commenced by Ferncastle (Front Street) Inc. and Fernbrook (Front Street) Inc. under the October 2, 2009 Amended and Restated Umbrella Agreement respecting the construction of the L Tower and related works at Meridian Hall.

Staff recommended

The President and Chief Executive Officer, TO Live and the City Solicitor recommends that the Board of Directors of TO Live: 1. Adopt the confidential instructions to staff in Confidential Attachment 1. 2. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it contains advice or communications that are subject to solicitor-client privilege or which are the subject matter of litigation or contemplated litigation.

On the record

The item as the City filed it