PFC2021-0687

That with respect to Report PFC2021-0687, the following be approved: That the Priorities and Finance Committee recommends that Council: Direct Administration to consent to amendment of certain Calgary Exhibition and Stampede Limited (The Stampede) credit facilities in order to ensure The Stampede remains in good standing under such credit facilities. The form and terms of such amendments to be in accordance with The Citys Credit Documentation- Loans and Loan Guarantees policy; Direct Administration to amend the necessary financial covenants to allow The Stampede to remain in good standing under its credit facilities with The City. The form and terms of such amendments shall be in accordance with The Citys Credit Documentation- Loans and Loan Guarantees policy; and Direct Administration to amend any existing agreements between The City and Calgary Exhibition and Stampede Limited as applicable and in accordance with The Citys Credit Documentation Loans and Loan Guarantees policy.