Issue - meetings

RESOLVED THAT: 

1.    a rent support grant of 72% of current market rent to Open Door for 39 Grosvenor Street is approved;

2.    authority is delegated to the Participation and Engagement Team Leader, in consultation with One Legal to agree the terms of a rent support grant agreement with the applicant. 

The former Cabinet Member for Finance and Assets said it had been a privilege to hold the portfolio, and this report showed how the council directly supports its communities.  Open Door has impact across the town - its door is always open - it had been a privilege to visit and meet with them.  It gave him great pleasure that this report for a rent support grant was his last report in post. 

The incoming Cabinet Member for Finance and Assets said this report is the pinnacle of her predecessor’s work, and a good example of how under his leadership, CBC used its assets to flex its muscles and help organisations doing good work across the town.   She said the portfolio is mostly about spreadsheets and balances but CBC’s commercial strategy still excels in taking every opportunity to do good and make Cheltenham better.  She thanked him for his work, leading a socially-motivated finance team.

The Leader said supporting community organisations, from scout groups and football clubs to Open Door, is a challenge and costs the authority a huge amount of money, but the value to the wider community is immeasurable and invaluable.

RESOLVED THAT: 

1.    a rent support grant of 72% of current market rent to Open Door for 39 Grosvenor Street is approved;

2.    authority is delegated to the Participation and Engagement Team Leader, in consultation with One Legal to agree the terms of a rent support grant agreement with the applicant.