Item - 2019.RZ1.4

The Finance, Audit and Risk Management Committee recommends that the Board of Directors of TO Live:

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 (as described in  Confidential Attachment 1 to the report (February 14, 2019) from the President and Chief Executive Officer, TO Live), and forward this report to City Council for approval, in order to be included in TO Live's 2019 Capital Budget.

2.  Approve the engagement of Kramer Design Associates as a sole-source contract.

3.  Direct 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.

The Finance, Audit and Risk Management Committee 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.

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.