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RESOLVED:
 

1.     
That Cbainet approves the full amount requested of
£1,105,834 (79% of total project cost), comprised
of:

·          
Up to £1,105,834 of capital funding towards
the development of the pavilion to be paid in staged payments, on
evidence of spend.

 

·          
This includes 5% (£55,291) which will be
retained as final payment until evidence of income, expenditure, building
control sign-off and 25-year lease is provided.
 

·          
A condition within the funding agreement will be to
ensure we are satisfied with, and see, the Agreement for Lease with
Spelthorne Borough Council before releasing any monies.
 
Reasons for Decisions:
 

·     
This application has been the subject of a rigorous
assessment process by officers, as set out in the body of this
report. Officers consider the project to meet the aims and
published criteria of the fund and to satisfy the requirements to
award funding.

 

·     
The project aims to
turn an existing community sports pavilion, currently not fit for
purpose, into a modern and accessible community hub for residents
and services in an identified Surrey County Council and Health and
Wellbeing Board Key Neighbourhood.
 

·     
Stanwell Events already
support many residents in the area and this project will enable
them to have a long-term base that allows them to expand their
service and support more residents. It is expected the new facility
will increase services across all projects by 30-50%, with over
33,000 visits per year.

 

(The decisions on this item can be called -in by the
Communities, Environment and Highways Select Committee)