Revenue Sharing Agreement for 14 Topiary Signs near the F.G. Gardiner Expressway

The revenue sharing agreement also obligates Hillside to operate two of the 14 topiary signs with sign content that advertises or promotes charities, approved by the City, at no cost to the City. The current agreement is set to expire on September 23, 2024. It is the opinion of the General Manager, Transportation Services, that a new revenue sharing agreement, should be agreed to and executed by the City. It is proposed that the new revenue sharing agreement require a combination of financial payments and provision of services similar to the current Agreement. Under the current Agreement, Council approval is required to continue the exemption from Chapter 771, Taxation, Third Party Sign Tax of the City of Toronto Municipal Code.

2. City Council direct that Confidential Attachment 1 to the report (June 17, 2024) from the General Manager, Transportation Services remain confidential until such time as final Agreement between the City and Hillside Media Communications Limited is fully executed by all parties as it contains a position, plan, procedure, criteria or instruction to be applied to any negotiations to be carried on by or on behalf of the City, and that the final Agreement between the City and Hillside Media Communications Limited be made public subject to applicable law, once it has been fully executed by all parties. 3. City Council direct the revenues from the Agreement to the Public Realm Reserve Fund XR1410 drawn upon annually to provide funding for neighbourhood beautification and other physical public realm improvements.