Decision details
Community Stadium & Leisure Facilities Report
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Purpose of Report: To present an update on the Community Stadium Project.
Executive approval is sought to move forward to financial close.
To ensure appropriate time is available for on going officer due diligence to be concluded before presenting an update to the Executive on the new building contractor costs received through GLL’s builder re-procurement exercise, this item has been moved to an additional Executive meeting that will take place on 27 July 2017.
Decision:
Resolved: That the
Executive:
a.
Approves that the operation of Yearsley Swimming Pool (“YSP”) by GLL
under the Design, Build, Operate and Maintain Contract (“DBOM
Contract”) be included for the full Contract Period, as per
the details set out at paragraphs 26 – 30 of this
report;
b.
Agrees that the Project proceeds to Financial Close
to enable construction of the NSLC scheme to commence and operation
by GLL of the NSLC and the city’s wider leisure
facilities;
c.
Agrees that the Deputy Chief Executive, in
conjunction with the Leader and Executive Member for Culture,
Leisure & Tourism be authorised to complete all final
negotiations and arrange execution of all legal documents relating
to the Project at Financial Close, providing the Project remains
within the overall budget;
d.
Agrees that the Deputy Chief Executive, in
consultation with the Leader and the Executive Member for Culture,
Leisure & Tourism be authorised to agree to underwrite the cost
of required Building Contractor early construction design work and
sub-contractor orders ahead of Financial Close to achieve the
Project timetable, estimated at a value of £0.5m. These costs
form part of the NSLC Construction Cost and are payable post
Financial Close already but would be payable should Financial Close
not be achieved, as per the details set out under table 5 of this
report;
e.
Notes the financial position of the Project and that
the Project can proceed within the approved capital budget
parameters that Council agreed in March 2016;
f.
Notes as set out at paragraphs 55 – 58 of this
report that the project is forecast to be within approved revenue
budget set out in the March 2016 Executive Report;
g.
Notes the latest position of the Project Community
Partners, as set out at paragraphs 31 – 39 of this
report;
h.
Notes the current indicative Project timetable for
delivery of the NSLC, as set out at table 5 of this
report;
i.
Notes the updated areas of Project risk at
paragraphs 70 to 76 of this report, alongside the update on the
legal implications since the March 2016 Executive Report that are
detailed at confidential Annex B to this report.
j. Approves the pension arrangements as set out in Paragraphs 78-79 of the report.
Reason: To progress with the Project and enter into all necessary legal agreements at Financial Close to deliver the NSLC and operation by GLL of the NSLC and the city’s wider leisure facilities.
Report author: Mark Wilson
Publication date: 27/07/2017
Date of decision: 27/07/2017
Decided at meeting: 27/07/2017 - Executive
Effective from: 01/08/2017
Accompanying Documents:
- Stadium Project PDF 280 KB
- Annex A - Project Background PDF 117 KB
- Restricted enclosure View reasons restricted