Decisions for issue Saltdean Lido Restoration

RESOLVED:

(1)      That a grant of a 63-year lease of Saltdean Lido to SLCIC be granted;

(2)      That a revised schedule of loan repayments for the outstanding loan of £0.220m be accepted and delegated authority be granted to the Executive Director Economy, Environment & Culture and the Acting Chief Finance Officer to agree the revised schedule;

(3)      That delegated authority be granted to the Executive Director Economy, Environment & Culture and the Acting Chief Finance Officer to take all necessary steps to implement the recommendations above; and

(4)      That delegated authority be granted to the Executive Director Economy, Environment & Culture to approve the scheme proposed by SLCIC within the parameters outlined in paragraph 3.6 of the report.

RESOLVED: That Committee

1.    Recommended to Policy & Resources Committee that it agreed to grant a 63-year lease of Saltdean Lido to SLCIC.

2.    Recommended to Policy & Resources Committee that it agreed to accept a revised schedule of loan repayments for the outstanding loan of £0.220m and granted delegated authority to the Executive Director Economy, Environment & Culture and the Acting Chief Finance Officer to agree the revised schedule.

3.    Recommended to Policy & Resources Committee that it grant delegated authority to the Executive Director Economy, Environment & Culture and the Acting Chief Finance Officer to take all necessary steps to implement the recommendations above.

4.    Recommended to Policy & Resources Committee that it grant delegated authority to the Executive Director Economy, Environment & Culture to approve the scheme proposed by SLCIC within the parameters outlined in 3.6.