Issue - meetings

Report of the Director of Finance and Support

1.      That subject to the resolution of issues set out in 3.2.2. of the report to the satisfaction of the Borough Solicitor, the grant of a lease of the Market Hall, Bradshaw Street (shown edged red upon the attached plan at Appendix 1) on the terms set out in Appendix 2 to this report, to the Northampton Arts Collective Limited (Reg. Co. No. 6817424) is supported.

2.      The allocation is supported of £10,000 revenue funding per annum in each of the financial years 2009/10, 2010/11 and 2011/12 to support the cost of necessary maintenance and repair works to the property – consistent with the terms set out in Appendix 2 of the report.

As relevant Portfolio Holder, Councillor Perkins presented the report to Cabinet. He explained that costs incurred by the Council in the proposed grant of the lease to the Northampton Arts Collective had been incorporated into the Medium Term Financial Strategy. He pointed out that the 10-year lease would have break clauses after five and eight years. In view of the support of the project by other organisations, he urged that Cabinet accept the recommendations.

Councillor Church commented that this was a very good example of partnership working with the voluntary sector and excellent use of a building that would otherwise stand empty.  He further mentioned the opportunity for the organisation to develop work to complement Market Square activities.

RESOLVED

1.      That subject to the resolution of issues set out in 3.2.2. of the report to the satisfaction of the Borough Solicitor, the grant of a lease of the Market Hall, Bradshaw Street (shown edged red upon the attached plan at Appendix 1) on the terms set out in Appendix 2 to this report, to the Northampton Arts Collective Limited (Reg. Co. No. 6817424) be supported.

2.      That the allocation be supported of £10,000 revenue funding per annum in each of the financial years 2009/10, 2010/11 and 2011/12 to support the cost of necessary maintenance and repair works to the property – consistent with the terms set out in Appendix 2 of the report.