That Council authorizes the Mayor and City Clerk to execute a licence, in a form satisfactory to the City Clerk, for a portion of the land located at 1321 Waddington Alley with II Terrazzo Ristorante Ltd. (Inc. # BC0652303) for a period of five years commencing October 1, 2018 at a base rent of $5,800.00 per annum, plus GST, subject to the publication of the statutory notices required by the Community Charter.