Item - 2018.PA16.4
Tracking Status
- This item was considered by Toronto Parking Authority on November 26, 2018 and was adopted with amendments.
PA16.4 - Bike Share Toronto - Negotiation to Facilitate Advertising on Station Panels
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - Ongoing negotiation related to assets of the Toronto Parking Authority, provides confidential information to the Board outlining the current status of these negotiations, and seeks Board direction in these matters
Board Decision
The Board of Directors of the Toronto Parking Authority:
1. Confirmed its actions in closed session in issuing instructions to staff.
2. Adopted the confidential recommendations in Confidential Attachment 1 to the report (November 20, 2018) from the Acting President, Toronto Parking Authority.
3. Directed that the confidential information contained in Confidential Attachment 1 to the report (November 20, 2018) from the Acting President, Toronto Parking Authority remain confidential in its entirety, as it concerns an ongoing negotiation related to assets of the Toronto Parking Authority, provides confidential information to the Board outlining the current status of these negotiations, and seeks Board direction in these matters.
Decision Advice and Other Information
The Board of Directors of the Toronto Parking Authority recessed its public meeting to meet in closed session to consider the item as it relates to ongoing negotiation related to assets of the Toronto Parking Authority, provides confidential information to the Board outlining the current status of these negotiations, and seeks Board direction in these matters.
Origin
Summary
Toronto Parking Authority staff are updating the Board on the current status of ongoing negotiations with Astral Media Outdoor ("Astral") for the use of caisson panels on the bike share stations for third party advertising as a means to augment revenue generation for the program, and seeking Board direction on next steps.
Background Information
https://www.toronto.ca/legdocs/mmis/2018/pa/bgrd/backgroundfile-121984.pdf
Confidential Attachment 1 - Bike Share Advertising Opportunity - Confidential Instructions to Staff
(November 12, 2018) Report from the Acting President, Toronto Parking Authority on Bike Share Toronto - Negotiation to Facilitate Advertising on Station Panels - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2018/pa/bgrd/backgroundfile-121828.pdf
Speakers
Motions
2:15 p.m. - That the Board of Directors of the Toronto Parking Authority recess its public session to meet in closed session to consider Item PA16.4 - Bike Share Toronto - Negotiation to Facilitate Advertising on Station Panels, as the Item relates to ongoing negotiation related to assets of the Toronto Parking Authority, provides confidential information to the Board outlining the current status of these negotiations, and seeks Board direction in these matters.
That the Board of Directors of the Toronto Parking Authority:
1. Confirm its actions in closed session in issuing instructions to staff.