Issue - meetings

Ice Rink Funding Agreement Update

Meeting: 22/11/2018 - Scrutiny and Overview Committee (Item 5)

Cambridge Ice Arena: Loan to Cambridge Leisure and Ice Centre (CLIC)

Additional documents:

Minutes:

The press and public were excluded during consideration of this agenda item in accordance with the provisions of Section 100(A)(4) of the Local Government Act 1972 (exempt information as defined in paragraph 3 of Schedule 12A(as amended) of the Act). Paragraph 3 relates to information relating to the financial or business affairs of any particular person (including the authority holding that information).

 

The committee considered a report seeking the provision from the Council of an additional loan facility to enable the Cambridge Ice Arena development to be completed. A representative from Cool Venues Ltd was present to answer detailed questions from the committee.

 

Following a detailed discussion, the Scrutiny and Overview Committee, by 13 votes in favour and one abstention (Cllr Betson), APPROVED the recommendations to Council, as detailed in the report, and RECOMMENDED additional actions.

 

 


Meeting: 12/09/2018 - Weekly Bulletin (Item 12.)

Ice Rink Funding Agreement Update

Cabinet recommended to Full Council as set out in paragraph 3(a) of the report from the Executive Director. Please note that this is not subject to call-in.

 

Cabinet considered the report in the context of paragraph 3(b) of the report, and instructed the Head of Finance in line with paragraph 3(c).


Meeting: 05/09/2018 - Cabinet (Item 13)

13 Ice Rink Funding Agreement Update

Additional documents:

Decision:

Cabinet recommended to Full Council as set out in paragraph 3(a) of the report from the Executive Director. Please note that this is not subject to call-in.

 

Cabinet considered the report in the context of paragraph 3(b) of the report, and instructed the Head of Finance in line with paragraph 3(c).

 

 

Minutes:

Cabinet considered a  report providing an update from Cambridge Leisure and Ice Centre (CLIC) about progress relating to the development of the ice rink on the outskirts of Cambridge.

 

Members reviewed the financial and legal issues involved, and accepted that the project remained robust subject to regular monitoring of measures designed to safeguard South Cambridgeshire District Council’s position.

 

Cabinet

 

1.

Requested that officers

 

 

 

(a)

Undertake further due diligence in order to protect the Council’s interests; and

 

 

 

 

(b)

Formulate revised terms to secure the Council’s interests as far as possible.

 

 

 

2.

Recommended that Council consider the issue set out in paragraph 3 (a) of the report in the light of the outcome of the further due diligence as referred to at 1 (a) above.