Agenda item
Indoor Arena - Next Steps
- Meeting of Cabinet, Thursday, 15th November, 2018 2.00 pm (Item 13.)
- View the background to item 13.
Decision:
Appendices 1-6 are not for publication as they contain exempt information of the description contained in paragraphs 14 and 21 of Schedule 12A of the Local Government Act 1972.
RESOLVED: that
1. progress on securing the Council’s preferred location for delivery of the new Indoor Arena project be noted
2. It be agreed that the Council’s due diligence costs be met and the design and pre-development costs to be incurred by the Developer and Landowner as estimated in Confidential Appendix 4 be underwritten in accordance with the financial cap and processes also outlined in Confidential Appendix 4.
3. authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment and Development and the Section 151 Officer to deal with all aspects of the procurement of independent advisors as set out in Confidential Appendix 4.
4. authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment and Development, the Cabinet Member for Finance, Modernisation & Performance and the Section 151 Officer to explore the best financial approach to deliver the project and to present details back to Cabinet as part of the arena business case and delivery strategy in March 2019.
Supporting documents:
- Cabinet 15 November 2018 Indoor Arena, item 13. PDF 179 KB
- Restricted enclosure View the reasons why document 13./2 is restricted
- Restricted enclosure View the reasons why document 13./3 is restricted
- Restricted enclosure View the reasons why document 13./4 is restricted
- Restricted enclosure View the reasons why document 13./5 is restricted
- Restricted enclosure View the reasons why document 13./6 is restricted
- Restricted enclosure View the reasons why document 13./7 is restricted
- Cabinet 15 November 2018 Indoor Arena App 7, item 13. PDF 432 KB
To request a document in an accessible format please e-mail us.