Purpose

To accept £306,065 capital grant funding from the English Sports Council, and to pass the whole capital grant to Sandford Lido Limited to enable them to install Photo Voltaic panels and Pool Covers and to sign the grant adherence agreement between the English Sports Council, Sandford Lido Limited (as the facility owner) and Cheltenham Borough Council (as applicant).

Decision

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. 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. 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.