Item - 2025.CT18.2

The President and Chief Executive Officer recommends that the Board of Directors of TO Live:

1. Approve the negotiated terms of the renewal of TO Live's corporate partnership with a naming rights partner at the Meridian Arts Centre, as outlined in Confidential Attachment 1.

2. Subject to the adoption of Recommendation 1 above, recommend that City Council adopt the negotiated terms of the renewal of TO Live's corporate partnership with a naming rights partner at the Meridian Arts Centre, as outlined in Confidential Attachment 1.

3. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as 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.

4.  Recommend that City Council direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as 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 purpose of this report is to seek Board approval for TO Live to enter into a renewed corporate partnership with a long-standing naming rights partner at the Meridian Arts Centre. The renewal supports TO Live's strategic priorities related to cultural investment, capital renewal, and sustainability.

There is no financial impact other than those outlined in Confidential Attachment 1.