Item - 2019.CT2.5
Tracking Status
- This item was considered by Board of Directors of TO Live on March 1, 2019 and was adopted with amendments.
CT2.5 - Replacement of Signage at the Sony Centre and Toronto Centre for the Arts
- Decision Type:
- ACTION
- Status:
- Amended
Confidential Attachment - Commercial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization
Board Decision
The Board of Directors of TO Live:
1. Approved the overall signage budget of $1.9 million (funded from the Facility Fee Reserve Fund through the Meridian sponsorship donation) for the replacement signage of the Sony Centre and the Toronto Centre for the Arts (see Confidential Attachment 1).
2. Requested City Council to increase the 2019-2028 Staff Recommended Capital Budget and Plan for TO Live by adding a new capital project known as the 2019 Signage Replacement Project, with total project cost of $1.900 million and cash flow of $1.900 million in 2019, fully funded from the Facility Fee Reserve Fund (XR3030) through sponsorship proceeds
3. Approved the engagement of Kramer Design Associates as a sole-source contract.
4. Directed that the confidential information contained in Confidential Attachments 1 and 2 to the report (February 14, 2019) from the President and Chief Executive Officer, TO Live remain confidential in its entirety, as it contains commercial information, supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Decision Advice and Other Information
The Board of Directors of TO Live recessed its public meeting to meet in closed session to consider the item as it pertains to commercial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Origin
Summary
This report seeks the Board's approval of the overall replacement signage budget for the Sony Centre for the Performing Arts and the Toronto Centre for the Arts and to enter into a sole-source contract with a design company for this project.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-129986.pdf
Confidential Attachment 1 - Signage Design Budget
Confidential Attachment 2 - Kramer Design Associates Signage Proposal
Motions
That Recommendation 1 be deleted, and the following new Recommendations 1 and 2 be adopted:
1. Approve the overall signage budget of $1.9 million (funded from the Facility Fee Reserve Fund through the Meridian sponsorship donation) for the replacement signage of the Sony Centre and the Toronto Centre for the Arts (see Confidential Attachment 1).
2. City Council increase the 2019-2028 Staff Recommended Capital Budget and Plan for TO Live by adding a new capital project known as the 2019 Signage Replacement Project, with total project cost of $1.900 million and cash flow of $1.900 million in 2019, fully funded from the Facility Fee Reserve Fund (XR3030) through sponsorship proceeds.
5a - Replacement of Signage at the Sony Centre and Toronto Centre for the Arts
Origin
Summary
This report seeks the Board's approval of the overall replacement signage budget for the Sony Centre for the Performing Arts and the Toronto Centre for the Arts and to enter into a sole-source contract with a design company for this project.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-130325.pdf