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Matter for Decision
To provide additional funding to the capital
project following the decision by a key partner organisation to withdraw
financial support.
Decision of Executive
Councillor for Finance and Resources
i)
Approved £210,000 of funding from capital
receipts or borrowing (according to availability of receipts) in addition to
the £282,000 capital funding already approved in the February 2019 budget bid
(ref. 100256). This brings the total Council capital funding required to
deliver this scheme to £492,000 within a total estimated scheme budget of
£767,000.
ii)
Delegated authority to the Strategic Director in consultation with the
Head of Property Services and Executive Councillor for Finance & Resources,
to approve any leases and associated management agreements for up to 50 years,
as may be required for the management of the CH Hub building.
Reason for the Decision
As set out in the Officer’s report.
Any Alternative Options Considered and Rejected
Not applicable.
Scrutiny Considerations
The Committee received a report from the Strategic Project Manager,
Community Services.
The Committee expressed dismay at the way the
Royal British Legion had conducted itself with regard to
this project. Members were supportive
that this facility is provided in Cherry Hinton
nevertheless.
The Committee unanimously resolved to endorse
the recommendations.
The Executive
Councillor approved the recommendations.
Conflicts of Interest
Declared by the Executive Councillor (and any Dispensations Granted)
No conflicts of
interest were declared by the Executive Councillor.