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04-27-2012, 12:04 AM
Bryan574's Avatar
Join Date: Apr 2010
Location: Hamilton,ont
Country: Canada
Posts: 271
vCash: 500
what was voted on specifically :

April20Presentation Report April 26Presentation

1) That the report entitled “Proposed Sports, Entertainment, and Cultural Centre in Markham Centre” dated April 19, 2012 be received; and,

2) That Council approve the partnership and financial frameworks described in this report, to construct a Sports, Entertainment and Cultural Centre in Markham Centre, with approximately 20,000 seats, subject to due diligence results satisfactory to the Chief Administrative Officer, Council approval of final terms, and execution of final agreements satisfactory to the Town Solicitor and Chief Administrative Officer; and,

3) That Council endorse the development contribution amounts as outlined in this report; and,

4) That the Chief Administrative Officer be authorized and directed to continue with due diligence investigation and to finalize negotiations with GTA Centre, LP and its limited partner(s) and bring a report forward to Council on the final terms; and,

5) That staff review and report to Council on any additional offers to contribute to the capital cost of the Town of Markham Sports, Entertainment and Cultural Centre that are brought to staff's attention; and further,

6) That staff be authorized and directed to do all things necessary to give effect to this resolution.

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