Decision details

RESOLVED:(i) That Option C, to lease the former Lendal Bridge Sub-Station to Bike Rescue for use as a cycle park, subject to obtaining planning permission and sufficient grant funding to fully convert the sub-station, be approved, and the agreement to lease and the terms and conditions of the lease be delegated to the Corporate Landlord;

                        (ii) That, if Bike Rescue is only successful in obtaining partial grant funding, it be agreed that the Council match fund to a maximum of £50,000 from the Transport Planning Unit (TPU) capital programme, provided this will be sufficient to convert the sub-station to a secure cycle park, and the terms and conditions of the lease be delegated to the Corporate Landlord;

                        (iii) That the sale of Lendal Bridge Sub-Station be removed from the capital receipts funding schedule and replaced by the overachievement of other capital receipts already achieved.