Item - 2017.EP3.5
Tracking Status
- This item was considered by Board of Governors of Exhibition Place on May 18, 2017 and was adopted without amendment.
EP3.5 - Multi-year Agreement with Green Savoree Toronto (GST) ULC for Honda Indy at Exhibition Place
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - This report involves the security of property belonging to the Board.
Board Decision
The Board of Governors of Exhibition Place:
1. Approved the multi-year agreement with Green Savoree Toronto (GST) for a term commencing in 2018 and expiring in 2020 on the terms and conditions of the standard license agreements for Exhibition Place; the specific terms and conditions set out in Appendix A to the report (April 21, 2017) from the Chief Executive Officer, Exhibition Place; the financial terms set out in Confidential Attachment 1 to the report (April 21, 2017) from the Chief Executive Officer, Exhibition Place; and such other terms and conditions satisfactory to the Chief Executive Officer and City Solicitor.
2. Directed that Confidential Attachment 1 to the report (April 21, 2017) from the Chief Executive Officer, Exhibition Place remain confidential in its entirety and not be released publicly as it pertains to the security of the property belonging to the Board.
Origin
Summary
This report recommends a three-year agreement with Green Savoree Toronto ULC ("GST") for 2018, 2019 and 2020 races. The terms and conditions also protect the Board’s right with respect to redevelopment of the Exhibition Place site and take into account the draft 2017 - 2019 Strategic Plan of Exhibition Place.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/ep/bgrd/backgroundfile-103229.pdf
Appendix A - Terms and Conditions Honda Indy Contract 2018 - 2020
https://www.toronto.ca/legdocs/mmis/2017/ep/bgrd/backgroundfile-103230.pdf
Confidential Attachment I