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Exhibition Place · 2023-09-15 · 2023.EP5.16

The filed record

One Year Agreement with Green Savoree Toronto (GST) ULC for Honda Indy Toronto at Exhibition Place

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The decision

2023-09-15 · Exhibition Place · adopted

As filed

The Board of Governors of Exhibition Place: 1. Approved a one-year licence agreement with Green Savoree Toronto (GST) for the 2024 Honda Indy race on terms and conditions of the Board standard license agreement as set out in Appendix A to the report (August 31, 2023) from the Chief Executive Officer, Exhibition Place, the financial terms set out in Confidential Attachment 1 the report (August 31, 2023) from the Chief Executive Officer, Exhibition Place, and such other terms and conditions satisfactory to the Chief Executive Officer and City Solicitor.

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2. Directed that Confidential Attachment 1 to the report (August 31, 2023) from the Chief Executive Officer, Exhibition Place remain confidential in its entirety and not be released publicly, as it is about a plan to be applied to any negotiations carried on or to be carried on by or on behalf of the Board of Governors of Exhibition Place.

On the agenda

As the city filed it

This report recommends a one-year agreement with Green Savoree Toronto ULC ("GST") for the 2024 Honda Indy race. The terms and conditions also protect the Board's right with respect to redevelopment of the Exhibition Place site.

Staff recommended

The Chief Executive Officer recommends that the Board: 1. Approve a one-year licence agreement with Green Savoree Toronto (GST) for the 2024 Honda Indy race on terms and conditions of the Board standard license agreement as set out in Appendix A; the financial terms set out in Confidential Attachment 1, and such other terms and conditions satisfactory to the Chief Executive Officer and City Solicitor. 2. Direct that Confidential

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Attachment 1 to this report remain confidential in its entirety and not be released publicly as it is about a plan to be applied to any negotiations carried on or to be carried on by or on behalf of the Board of Governors of Exhibition Place.

    On the record

    The item as the City filed it

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