The Executive Committee recommends that:

 

1.         City Council authorize the Director, Real Estate Services in consultation with the General Manager, Parks, Forestry and Recreation and the Director of Purchasing and Materials Management to undertake a competitive procurement process, that incorporates the key terms highlighted in Attachment 1 of the report (October 22, 2012) from the General Manager, Parks, Forestry and Recreation and Acting Deputy City Manager and Chief Financial Officer, and any such other terms and conditions deemed appropriate by the Director, Real Estate Services, to identify a suitable entity (or consortium of entities) for the purchase, lease, operation or other third party management arrangement regarding the Lakeshore Arena.

 

2.         City Council direct the Director, Real Estate Services and the General Manager, Parks, Forestry and Recreation to report back to City Council, through the appropriate Committee, with the results of the competitive procurement process together with a financial comparison of the proposals to the current existing City Services Corporation operating model, and to recommend, if appropriate, a preferred proponent if the competitive procurement process yields a proposal that is clearly preferential to continuing with the existing City Services Corporation structure and the other requirements of the competitive procurement process being met.

 

3.         City Council, should the outcome of the competitive procurement process result in a preferred proponent, request the City Manager to:

 

a.         make recommendations to City Council on an appropriate governance model for the Lakeshore Arena in the context of the proposed new service delivery model for the Arena, if appropriate; and,

 

b.         in consultation with the City Solicitor, make recommendations to City Council to revise or replace the shareholder declaration for the Lakeshore Arena Corporation consistent with the recommended governance model, if appropriate.

 

4.         City Council authorize and direct the Director, Real Estate Services to engage a fairness monitor to oversee the competitive procurement process.

This report presents the options for the future direction of the Lakeshore Arena (Arena) based on the work completed by the Board of the Lakeshore Arena Corporation (LAC) and outlines the recommendations and next steps.

 

The General Manager, Parks, Forestry and Recreation and the Acting Deputy City Manager and Chief Financial Officer are recommending that City Council authorize the appropriate City staff to undertake a competitive procurement process for the purchase, lease, operation or other third party management arrangement of the Lakeshore Arena, and to report back on the results of the competitive procurement process along with a financial comparison of the proposals to the current existing City Services Corporation operating model.