Item - 2023.CT4.5
Tracking Status
- This item was considered by TO Live on May 17, 2023 and was adopted without amendment.
CT4.5 - St. Lawrence Centre Redevelopment - Sponsorship Naming Rights Consultant
- Decision Type:
- ACTION
- Status:
- Adopted
Confidential Attachment - financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to significantly prejudice 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. Authorized the President and Chief Executive Officer, TO Live to execute a contract with the successful proponent of TO Live's Request For Proposal for the Sponsorship Naming Rights Consultant, which is above Management's payment threshold as per TO Live Policy 303, as set out in Confidential Attachment 1 to the report (April 28, 2023) from the President and Chief Executive Officer, TO Live.
2. Directed that the name of the successful proponent be made public after execution of the contract, at the discretion of the President and Chief Executive Officer, and that the remainder of Confidential Attachment 1 to the report (April 28, 2023) 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 significantly prejudice 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 financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to significantly prejudice the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Origin
Summary
The purpose of this report is to seek Board approval to execute a contract with the successful proponent of TO Live's Request For Proposal for the Sponsorship Naming Rights Consultant which is above Management's payment threshold as per TO Live Policy 303.
Background Information
https://www.toronto.ca/legdocs/mmis/2023/ct/bgrd/backgroundfile-236306.pdf
Confidential Attachment 1 - Sponsorship Naming Rights Consultant Agreement
Motions
1:05 p.m. - That the Board of Directors of TO Live recess 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 significantly prejudice the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Vote (Adopt Item) May-17-2023
| Result: Carried | Majority Required |
|---|---|
| Total members that voted Yes: 9 | Members that voted Yes are Paul Bernards, Gary Crawford, Lori DeGraw (Chair), Kevin Garland, Mustafa Humayun, Owais Lightwala, Gave Lindo, Chris Moise, Gillian Smith |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 4 | Members that were absent are Lily Cheng, Myriam Gafarou, Dawn T. Maracle, Kathleen Sharpe |
5a - St. Lawrence Centre Redevelopment - Sponsorship Naming Rights Consultant
Origin
Summary
At its meeting on May 15, 2023 the TO Live - Finance and Audit Committee considered item RZ4.4 and made a recommendation to the Board of Directors of TO Live.
Summary from the report April 28, 2023 from the President and Chief Executive Officer, TO Live:
The purpose of this report is to seek Board approval to execute a contract with the successful proponent of TO Live's Request For Proposal for the Sponsorship Naming Rights Consultant which is above Management's payment threshold as per TO Live Policy 303.
Background Information
https://www.toronto.ca/legdocs/mmis/2023/ct/bgrd/backgroundfile-236627.pdf