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.