Item - 2022.EP25.3

The Board of Governors of Exhibition Place:

1.  Concurred with the action taken by the Chair of the Board and the Chief Executive Officer in approving the three license agreements with the Association Client for Beanfield Centre and Enercare Centre, as set out in Confidential Attachment 1 to the report (August 30, 2022) from the Chief Executive Officer, Exhibition Place, for a 3-year term commencing in each of 2023, 2024, and 2025 on the terms and conditions of the License Agreement and such other terms and conditions satisfactory to the Chief Executive Officer and the City Solicitor.

2.  Directed that the confidential information contained in Confidential Attachment 1 to the report (August 30, 2022) from the Chief Executive Officer, Exhibition Place remain confidential as it contains financial information, supplied in confidence to the Board, 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 recommends a three (3 year) multi-year agreement between an Association Client and Exhibition Place within the Beanfield Centre and Enercare Centre.

Due to the cancellation of the July 18th Board meeting, in order to meet timelines for contract documentation and operational needs, the Chair of the Board on July 20, 2022 in consultation with the Chief Executive Officer of Exhibition Place, approved this License Agreement pursuant to the authority under the Financial By-law 2-18, Article X and seek concurrence of the Board.