1. The attached report reviews the financial risks relating to the Council providing a loan to CLIC to support the development of an ice rink on the outskirts of Cambridge. It considers how the remaining financial risk could be mitigated and provides information to support a final decision on provision of the loan.
2. The report includes consideration of the various legal agreements under development in relation to the financing, construction and operation of the Ice Rink and identifies matters that must be satisfactorily addressed in these agreements to ensure that the Council’s financial position is protected.
Decision type: Non-key
Decision status: For Determination
Notice of proposed decision first published: 13/06/2017
Decision due: 13 July 2017 by Cabinet
Lead member: Finance and Staffing Portfolio Holder
Contact: Tom Lewis, Monitoring Officer Email: tom.lewis@3csharedservices.org, Caroline Ryba, Head of Finance Email: caroline.ryba@scambs.gov.uk; Email: caroline.ryba@cambridge.gov.uk.