Item - 2019.CT3.1
Tracking Status
- This item was considered by Board of Directors of TO Live on May 9, 2019. The Board of Directors of TO Live has referred this item to an official or other body without making a decision. Consult the text of the decision for further information on the referral.
CT3.1 - President and Chief Executive Officer General Status Update
- Decision Type:
- ACTION
- Status:
- Referred
Confidential Attachment - Financial 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 referred the item to the Audit Committee with the request that the Audit Committee review the proposal for a hospitality organization to occupy space within the Sony Centre in CT3.1a and make recommendations to the June 13, 2019 Board meeting.
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 financial 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.
Summary
The President and Chief Executive Officer, TO Live will provide the Board with a general status update.
Motions
That the item be referred to the Audit Committee with the request that the Audit Committee review the proposal for a hospitality organization to occupy space within the Sony Centre in CT3.1a and make recommendations to the June 13, 2019 Board meeting.
1a - Chief Executive Officer's General Status Update - Supplementary Report on Hospitality Organization to Occupy Space within the Sony Centre
Confidential Attachment - Financial 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
As part of the Chief Executive Officer's general status update, TO Live has issued an Request for Proposal for a hospitality organization to occupy space within the Sony Centre for the purposes of operating a restaurant/barroom.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-132736.pdf
Attachment 1 - Civic Theatres Toronto Request for Proposal 2018-017
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-132710.pdf
Attachment 2 - TO Live Request for Proposal 2019-001
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-132738.pdf
Confidential Attachment 1 - Request for Proposal 2018-017 Winning Proponent (with Scorecard)
Confidential Attachment 2 - Fifteen Group Proposal Review
Confidential Attachment 3 - Set-Up Budget
Confidential Attachment 4 - Operating Budget
(May 9, 2019) Confidential Attachment 5 - Miller Thomson Legal Opinion
(May 9, 2019) Confidential Attachment 6 - Loan Payback Model