Issue - decisions
The Business Improvement District (BID) – Final Arrangements
Resolved: That Executive agree to:
(i) Note the draft Memorandum of Understanding (MoU) and Operating Agreement, included in Annex A and give the Assistant Director Governance and ICT the authority to negotiate and agree the final terms with the Business Improvement District (BID) board.
(ii) The request from the BID board for a cash flow loan of £50,000 that allows the Business Improvement District to become active as soon as possible. This will be reimbursed to the Council from the BID levy by Summer 2016.
(iii) Cllrs Steward and Aspden representing the Council on the BID board, with Officers attending meetings where appropriate.
(iv) That Officers work with the Business Improvement District to arrange a mechanism to ensure that members from the city centre wards are able to have an input into the BID.
Reason: To support the successful implementation of the Business Improvement District in York.