Decision details

Matters relating to Spalding Business Improvement District

Decision Maker: Leader

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek a decision relating to matters relating to Spalding Business Improvement District.

Decision:

1.      The Council agrees to enter into the operating agreement between the Council and Spalding BID company, as detailed in Appendix A, noting the considerations associated with the operating agreement as detailed within this report. 

 

2.      The Leader approves the addition of £40,163 to the 2024/25 budget funded by the Investment and Growth reserve, and approves the addition to future budgets through the annual budget setting process to cover the budgetary commitment the operating agreement with the BID places on the council as set out in paragraph 5.7.1

 

3.    To authorise the Assistant Director – Strategic Growth and Development, in consultation with the Leader of the Council, to negotiate and conclude the Operating Agreement with the Spalding BID company.

Reasons for the decision:

To enable the Council to enter into an Operating Agreement with the Spalding BID company, enabling mobilisation of the arrangements for the operation of the BID.

Alternative options considered:

Do Nothing - The other option available is to do nothing which would mean that there is no formally agreed structure in place to deliver, administer, enforce or budget for the BID.

Interests and Nature of Interests Declared:

N/A

Reason Key: Incurring expenditure above £75,000 threshold in respect of revenue/£180,000 in respect of capital;

Wards Affected: Spalding Castle; Spalding St John's; Spalding St Mary's; Spalding St Paul's;

Conflict of Interest: N/A

Dispensation Granted: N/A

Other reasons / organisations consulted

N/A

Consultees

N/A

Contact: Matthew Hogan, Service Director – Strategic Growth & Development Email: Matthew.Hogan@sholland.gov.uk.

Publication date: 09/10/2024

Date of decision: 09/10/2024

Effective from: 17/10/2024

Accompanying Documents: