Consider Action on a Resolution to Acknowledge a Donation in the Amount of $30,000 to the WaterTower Theatre for Naming the Main Stage of the Addison Theatre Centre "The Terry Martin Main Stage."

At the April 12, 2016 Regular Meeting, the City Council approved the Naming Rights Policy for the Addison Theatre Centre that authorizes the WaterTower Theatre exclusive rights to the naming of areas within the Theatre Centre in exchange for donations. The WaterTower Theatre (WTT) has received a proposal from Stanley Graner, Jr. to name the Addison Theatre Centre Main Stage the "Terry Martin Main Stage." The pledge is $30,000 paid over a three (3) year period.

Administration recommends approval.