Item - 2022.CT33.7

The Board of Directors of TO Live:

1. Approved the updated budget for the co-production and co-presentation of a play, as outlined in Confidential Attachment 1 to the report (May 24, 2022) from the President and Chief Executive Officer, TO Live, from the original budget previously approved by the Board at its September 24, 2021 meeting.

2. Directed that Confidential Attachment 1 to the report (May 24, 2022) from the President and Chief Executive Officer, TO Live remain confidential in its entirety because it contains 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.

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.

At its meeting on May 25, 2022, the TO Live - Audit Committee considered item RZ16.2 and made recommendations to the Board of Directors of TO Live.

Summary from the report (May 24, 2022) from the President and Chief Executive Officer, TO Live:

The purpose of this report is to seek Board approval for the updated budget, as outlined in Confidential Attachment 1, for the co-production and co-presentation of a play for presentation in December 2022, in partnership with a local theatre organization. The budget was previously approved by the Board at its September 24, 2021 Board meeting.