Decision details

To consider the Cheltenham Trusts proposals for the development of sport and leisure facilities.

RESOLVED THAT

1.    the proposed improvements to Leisure-at-Cheltenham as set out in this report be approved

2.    Council, subject to the conditions set out in section 6 being met to the satisfaction of the Section 151 Officer in consultation with the Cabinet Member Finance be recommended to authorise :

3.    The Authority to offer a loan of up to £1.5million at an interest rate of 3% per annum to the Cheltenham Trust for onward funding of the improvements to Leisure-at-Cheltenham as detailed in Section 3 of this report;

4.    The Authority entering into a loan agreement with The Cheltenham Trust for the sum of up to £1.5m at an interest rate of 3% per annum for onward funding of the improvements to Leisure-at-Cheltenham as detailed in Section 3 of this report.