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To approve capital funding and underwriting conditions for funding from the Royal British Legion, for a scheme to extend Cherry Hinton Library to create a new community hub.
Decision type: Key
Reason Key: Expenditure > £300,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 24/08/2021
Decision due: 11 Oct 2021 by Executive Councillor for Transformation
Lead member: Executive Councillor for Transformation
Department: Community Services
Contact: Allison Conder, Strategic Project Manager Email: Allison.Conder@cambridge.gov.uk.
Additional Information: This is a key item and will automatically appear on the agenda.
Background Information: Cherry Hinton Library (council owned) is ideally located right in the commercial centre of Cherry Hinton for development as a new community hub. In 2016 the Royal British Legion (RBL) demolished Fisher Lane Hall for housing and the Ward lost a valued community facility and base for local RBL branch activity. The Council's Community Centres Strategy has also identified Cherry Hinton as having a gap in access to community facilities. The funding contributions will be; council £200k S106 funding, community £50k, County £28k S106, and the RBL Branch Property Trust has approved £165k of upfront capital funding, in exchange for £6,609pa of hub use. However, an RBL condition of funding is to claw back any residual funding at yr 10, if value for their ongoing investment can no longer be justified by the local branch activity, i.e. a maximum £89k to be repaid by the council. There will be Head lease with the Cherry Hinton Community Benefit Society who will then sub lease to County and CH RBL.
