WITH RESPECT to Report 295-2025-Corporate Services, we request endorsement of the Standing Committee to forward the following recommendations to City Council:
WE RECOMMEND THAT an additional $2.5 million be allocated to the Thunder Bay Art Gallery for the capital costs associated with construction of the new Art Gallery facility;
AND THAT the sources of financing for this additional contribution be as follows:
Municipal Accommodation Tax Reserve Fund$0.75 million
Municipal Accommodation Tax Reserve Fund$0.50 million (2026 Budget)
Renew Thunder Bay Reserve Fund $1.25 million;
AND THAT the release of any additional municipal funding be conditional upon confirmation of all other funding sources required to achieve partial opening;
AND THAT the Mayor and City Clerk be authorized to sign the funding agreement and any subsequent agreements or amendments between The Corporation of the City of Thunder Bay and Thunder Bay Art Gallery relative to this project;
AND THAT any necessary by-laws be presented to City Council for ratification.