Item - 2020.EP11.5
Tracking Status
- This item was considered by Board of Governors of Exhibition Place on June 24, 2020 and was adopted without amendment.
- See also EX15.20
EP11.5 - Soft Drink Sponsorship Agreement
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - Financial information that belongs to the Board of Governors of Exhibition Place and has monetary value or potential monetary value
Board Decision
The Board of Governors of Exhibition Place:
1. Approved entering into an agreement with Coca-Cola Canada Bottling Ltd. ("Coke") for a period of five years, commencing on the date of approval of City Council, to be the official and exclusive soft drink provider to Exhibition Place, including Enercare Centre and Beanfield Centre, on the terms and conditions set out in the report (June 10, 2020) from the Chief Executive Officer, Exhibition Place and such other terms and conditions as may be satisfactory to the Chief Executive Officer and the City Solicitor.
2. Directed that the confidential information contained in Confidential Attachment 1 to the report (June 10, 2020) from the Chief Executive Officer, Exhibition Place remain confidential and not be released publicly as it contains financial information that belongs to the Board of Governors of Exhibition Place and has monetary value or potential monetary value.
Origin
Summary
This report recommends entering into a five-year agreement with Coca-Cola Canada Bottling Ltd. (Coke) to be the official and exclusive soft drink provider to Enercare Centre and Beanfield Centre at Exhibition Place.
Background Information
https://www.toronto.ca/legdocs/mmis/2020/ep/bgrd/backgroundfile-147849.pdf
Appendix A - Coke Sustainability Platform
https://www.toronto.ca/legdocs/mmis/2020/ep/bgrd/backgroundfile-147851.pdf
Confidential Attachment 1 - Financial Implications and Terms