Consider Action on a Resolution to Acknowledge a Donation in the Amount of $75,000 to the WaterTower Theatre for Naming the Lobby of the Addison Theatre Centre "The Delynda Moravec Lobby."

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 to name the Addison Theatre Centre Lobby the "Delynda Moravec Lobby." The pledge is $75,000 paid over a three (3) year period.

The donor has requested to remain anonymous. Therefore, certain information has been redacted from the attachments to accommodate that request.  

Administration recommends approval.