Decision details

RESOLVED THAT

1.    the revised programme of improvements to Leisure-at-Cheltenham as set out in section 3 of this report be approved.

2.    Authority be delegated to the Director Resources and Corporate Projects in consultation with the Cabinet Member Healthy Lifestyles and the Borough Solicitor to enter into a contract with Alliance Leisure Services and any other legal agreements and processes necessary to progress the scheme whilst safeguarding the Council’s interest.

Council be recommended to :

3.    Subject to the conditions in section 7 being met, authorise the Section 151 Officer, in consultation with the Cabinet Member Finance, to seek prudential borrowing of up to £2.236m at an interest rate of 2% per annum to fund the improvements to Leisure-at-Cheltenham as detailed in Section 3 of this report;

4.    Authorise the Section 151 Officer, in consultation with the Cabinet Member Healthy Lifestyles, to agree the most advantageous repayment methodology to reclaim the cost of the borrowing from the Cheltenham Trust;