Decision details

RESOLVED that Cabinet: -

(a)           subject to satisfactory completion of due diligence agrees to the Council exchange contracts on the purchase of the Bournemouth Indoor Bowls Centre (Kings Park) lease, funded by Towns Investment Fund Accelerator Funding; and

(b)           agrees to complete the purchase of the lease for the Bournemouth Indoor Bowls Centre (Kings Parks) either:

                    (i)           utilising Towns Investment Funds grant (subject to approval of the Full Business Case by MHCLG funded or;

                   (ii)           utilising Prudential Borrowing; and

                 (iii)           delegates authority to the Corporate Property Officer in consultation with the Portfolio Holder, Monitoring Officer and S151 Officer to finalise the detailed terms of the acquisition and funding model.

Voting: Unanimous

Portfolio Holder: Regeneration, Economy and Strategic Planning