Item - 2013.GM22.12

City Council on June 11, 12 and 13, 2013, adopted the following:

1.         City Council authorize the General Manager, Parks, Forestry and Recreation to negotiate and enter into a License Agreement with William Beasley Enterprises Ltd., being the highest scoring proponent meeting the requirements of RFP  No. 0613-12-0252  for  the renovation, finance and operation of a Restaurant / Banquet Facility at the Centre Island Restaurant and the Centre Island Snack Bar located on Toronto Centre Island for a ten (10) year term commencing July 1, 2013 to December 31, 2022, with an option to extend at the sole discretion of the General Manager, Parks, Forestry and Recreation (the "General Manager") for an additional ten (10) years commencing January 1, 2023, and terminating on December 31, 2032 based on the terms and conditions set out in the Request for Proposal, and on such other terms and conditions satisfactory to the General Manager and in a form satisfactory to the City Solicitor.

2.         City Council authorize the public release of the confidential information contained in Confidential Attachment 1 to the report (April 24, 2013) from the General Manager, Parks, Forestry and Recreation, and the Director, Purchasing and Materials Management, following execution of the license agreement to William Beasley Enterprises Limited ("Beasley").

Confidential Attachment 1 to the report (April 24, 2013) from the General Manager, Parks, Forestry and Recreation and the Director, Purchasing and Materials Management remains confidential in its entirety at this time, in accordance the provisions of the City of Toronto Act, 2006, as it as it pertains to the security of the property of the municipality or local board.  Confidential Attachment 1 will be made public following the execution of the license agreement to William Beasley Enterprises Limited ("Beasley").