RECOMMENDED TO COUNCIL
(20 December 2016) (this particular decision (1) is not subject to call-in):
That
(1) the creation of a strategic investment fund of £5m be approved, funded from the strategic priorities and medium term financial strategy reserve, across West Suffolk (£3.5m FHDC and £1.5m SEBC) with delegated authority given to Cabinet (for sums of £500,000 or more), and delegation to the Portfolio Holder for Leisure and Culture, in conjunction with a Director and the Head of Resources and Performance (for sums of less than £500,000), to draw down from this fund subject to satisfactory business case for each investment proposal for investment in the Council’s leisure facilities;
RESOLVED:
That
(2) the development of a long-term leisure partnership agreement (supported by a business plan) be approved, for consideration at a future Cabinet meeting that must address:
· the principles of the Council’s Medium Term Financial Strategy and value for money considerations;
· the outcomes of the Promoting Physical Activity Framework;
· the planned utilisation of the investment (established in recommendation (1)) to achieve the reduction in the management fee payable by the Council to zero;
· the optimum duration of the agreement; and
· the principles set out in Section 2.1 of Report No CAB/SE/16/055.
Due to the urgency of initial funding requests, the following decisions have also been taken:
RECOMMENDED TO COUNCIL
(20 December 2016) (this particular decision (3)(a) is not subject to call-in):
That
(3)
(a) an additional £177,582 (ex VAT) funding be approved, from unallocated capital receipts for the 3G pitch at Skyliner Sports Centre to meet the additional cost incurred to deliver a 3G pitch facility to meet FA and community requirements; and
RESOLVED:
That
(b) an investment of £240,000 (ex VAT) into equipment for the Skyliner Sports Centre be approved, from the Council’s approved capital invest to save fund.