Issue - meetings

Report of Cabinet Member for Finance and Assets

RESOLVED that: 

In respect of an offer of £306,065 capital grant funding from the English Sports Council:

1.    the Director of Finance and Assets is authorised to agree and sign a capital grant agreement with the English Sports Council whereby a capital grant payment of £306,065 will be paid to the Council.

2.    the Director of Finance and Assets is authorised to agree and sign a grant adherence agreement between the English Sports Council, Sandford Lido Limited (as the facility owner) and Cheltenham Borough Council (as applicant) to enable the whole capital grant to be passed to Sandford Lido Limited to enable them to install Photo Voltaic panels and Pool Covers.

3.    the Director of Finance and Assets is authrised to agree and sign a grant agreement between Sandford Lido Limited (as the facility owner) and Cheltenham Borough Council (as applicant) in order to pass a number of Sport England obligations onto the Lido.

The Cabinet Member for Finance and Assets said she was excited to be bringing forward this fantastic funding for the Lido, a spectacular heritage site in the heart of the town, currently facing significant budgetary pressures largely due to the cost of energy.  This retrofit funding will help keep the doors open and the building running, and will also set a precedent for other heritage buildings in town, working towards our net zero goal.  She urged Members to support it.

The Leader commented on the importance of the Lido as both a heritage building and leisure facility, and said anything to support its continued use, success and sustainability was to be welcomed.

RESOLVED that: 

In respect of an offer of £306,065 capital grant funding from the English Sports Council:

1.    the Director of Finance and Assets is authorised to agree and sign a capital grant agreement with the English Sports Council whereby a capital grant payment of £306,065 will be paid to the Council.

2.    the Director of Finance and Assets is authorised to agree and sign a grant adherence agreement between the English Sports Council, Sandford Lido Limited (as the facility owner) and Cheltenham Borough Council (as applicant) to enable the whole capital grant to be passed to Sandford Lido Limited to enable them to install Photo Voltaic panels and Pool Covers.

3.    the Director of Finance and Assets is authrised to agree and sign a grant agreement between Sandford Lido Limited (as the facility owner) and Cheltenham Borough Council (as applicant) in order to pass a number of Sport England obligations onto the Lido.