Issue - meetings

This report presents a business case for the Council to borrow £540k on behalf of York High School to facilitate an extension of the Energise gym facility, which will improve customer service and reduce the need for Council subsidy.

[See also under Part B Minutes]

RESOLVED:   i)        That Cabinet approve the proposal to undertake prudential borrowing on behalf of York High School.

REASON:                  To improve the efficiency and effectiveness of the Council’s leisure offer.

[See also under Part B Minutes]

Members considered a report which presented a business case for the Council to borrow £540k on behalf of York High School to facilitate and extension of he successful Energise gym.

 A partnership existed between York High and the Council to provide community access to the sports facilities, although the school were responsible for the management of the facilities under the terms of the service level agreement.

The Council’s aim had always been for long term sustainability however the current financial pressure on the authority had required examination of methods of achieving this. Annex A (exempt annex) presented the business case for the proposal and details of the project costs were set out in paragraphs 13 to 15 of the report.

Two options were presented for consideration:

·         To approve the prudential borrowing so that the School may expand the gym facility at Energise

·         Not to approve the prudential borrowing.

RESOLVED:             That Cabinet approve the proposal to undertake prudential borrowing on behalf of York High School.

REASON:                  To improve the efficiency and effectiveness of the Council’s leisure offer.