Issue - decisions

New Stadium Leisure Complex Commercial Proposal on Restaurant Units

16/12/2020 - New Stadium Leisure Complex Commercial Proposal on Restaurant Units

Resolved:  (i)      That Option 1 be approved, accepting that the three restaurant units are not let at Practical Completion and the associated reduction of £1.375m in capital receipt towards the Stadium project.

 

                   (ii)      That the additional ongoing Treasury Management costs of £96k, which will need to be incorporated into future years’ budget strategies, be recognised.

 

Reason:     To ensure that the stadium is fully funded at the lowest risk to finances going forward.


 

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