OTHERAMENDED

City of Lloydminster StaffReport Cenovus Energy Sponsorship Agreement Amendment 2026-05-04

City Amends Cenovus Energy Hub Naming Rights Deal

$3,000 per year for programming sponsorship (no change to overall agreement value)City of LloydminsterCENOVUS ENERGY INCMay 4, 2026

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Description

The City of Lloydminster is amending its June 26, 2023 Naming Rights Sponsorship Agreement with Cenovus Energy Inc. for the Cenovus Energy Hub, refining signage, suite use, catering, and programming sponsorship provisions while keeping the overall financial terms unchanged. The amendment clarifies use of a $3,000 per year programming allocation for indigenous cultural elements at Major Events and formalizes related approval and reconciliation processes.

Contract Details

Contract Amount

$3,000 per year for programming sponsorship (no change to overall agreement value)

Vendor

CENOVUS ENERGY INC

Agency

City of Lloydminster, Canada

Contract Type

OTHER

Document Date

May 4, 2026

Contract Term

Original Sponsorship Rights Agreement dated June 26, 2023; programming section to be reviewed every five (5) years; overall term not restated

Renewal Info

Programming sponsorship provisions, including the $3,000 annual allocation and activation format, will be reviewed every five years; unspent annual programming funds carry forward and any unallocated balance at the end of the agreement term will reduce the final payment from Cenovus to the City. No change is made to the overall financial value or base term of the original June 26, 2023 sponsorship agreement.