Recommendation: That, on the
recommendation of the Deputy City Treasurer, the following actions be taken
with respect to funding assistance for Orchestra London:
a) the
2011-2012 financial results of Orchestra London, attached to the staff report
dated January 28, 2013, BE RECEIVED for information;
b) the
updated Business Plan for Orchestra London, attached to the staff report
dated January 28, 2013, BE RECEIVED, for information;
c) the
continued Orchestra London funding BE PROVIDED in 2013, subject to:
i)
the
approval of the 2013 Municipal Budget;
ii)
the
review of Orchestra London’s financial results to ensure it is operating within
its business plan;
iii)
the
monthly monitoring of Orchestra London’s cash flow by the Civic
Administration; and,
d) notwithstanding
the funding approval in part c) above, a pro-rated amount equivalent to the
January and February monthly installments of the proposed 2013 funding for
Orchestra London BE APPROVED for release to Orchestra London, subject
to the review and authorization by the Civic Administration.
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