Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
In accordance with a previous decision of the Sub-Committee (7/3/18 Clause 25) further discussions had been held with Cannock Chase District Council on the disbursement of 2 tranches of £250,000 towards the cost of leisure and sporting facilities in the area, as previously agreed under the Terms of the Lease for Rugeley Leisure Centre.
Proposed payment arrangements were detailed and it was confirmed that such payments were provided for in the Capital Receipts Programme with a Settlement Agreement to be entered into to record the fulfilment of the County Council’s obligations under the Lease.
RESOLVED – That approval be given to the alteration of the payment profile in the existing Lease in accordance with the report now submitted, and dependent on the timing of the completion of the sale of the Pear Tree site.
Publication date: 05/12/2018
Date of decision: 05/12/2018
Decided at meeting: 05/12/2018 - Property Sub-Committee
Effective from: 11/12/2018