Purpose

The decision achieves a
council objective of disposing of its entire shareholding in KSDL
and ceasing to be responsible for the operation of the John Smith
Stadium (Leeds Road Huddersfield), other than as
freeholder.
It will enable the Council
to obtain possession and freehold ownership of the Gasworks Street
site which is necessary for regeneration purposes.
The surrender of the
Council’s lease of the Swimming pool facility will relieve it
of liability under the lease to KSDL.
 
The restructuring will
mitigate the Council’s liabilities.  Various alternative structural changes have been
considered previously, but these have not been successfully
implemented. This arrangement has features that are advantageous
over previous proposals.
 

Content

That the Council’s
shareholding in KSDL be transferred to Huddersfield Town
Association Football Club Limited (HTAFC)
 
•         That as
a part of this arrangement certain other property transfers,
financial arrangements and restructuring are undertaken.
 
•         That
share transfer and restructuring of leases and other
arrangement’s by Huddersfield Rugby League Football Club
(HRLFC), Huddersfield Sporting Pride ltd (HSP) and one other person
be conditional on the effecting of these
recommendations.
 
•         The
service director Legal, Governance and Commissioning be authorised
to enter into and execute on the Council’s behalf any
necessary documentation or instruments in relation to the above
matters.