Decision details

Purpose of Report: To present an update on the Community Stadium project.

Members are asked to note the update.

Resolved:  That Executive agree to:

(i)           Approve the proposed York City Knights RLFC (YCK) financial support towards first team playing arrangements at Bootham Crescent, as set out at table one of this report. This being Council financial support payable per YCK game played at Bootham Crescent up to a net cost of £45,000 per Rugby League season, paid from the existing Project budget.

(ii)          Note the financial position of the Project and the associated financial risks present until Financial Close can be met, as set out at paragraphs 57 to 60 of the report.

(iii)        Note the latest position of the Project’s Community Partners and Sport Clubs, as set out in the report.

(iv)    Note the current anticipated Project timetable for delivery of the New Stadium Leisure Complex, as set out at table two of the report.

(v)     Note the position of the ongoing Yearsley Swimming Pool Review and that a further recommendation report on this matter will be brought to Executive early in 2017.

(vi)    Note the highlighted Project risks that have changed since the March 2016 Executive Report, as summarised at table three of the report.

Reason:     To ensure continued progress of the Project.