Cabinet considered the report and RESOLVED to:
1. Subject to Recommendation 2 below and contingent on Council independent best value sign off, approve the purchase of a new Regional Pool facility on Pleasure Fair Meadows from the Peterborough Investment Partnership (PIP), as per the PIP’s specification set out in the report.
2. Recommend to Full Council an amendment to the Council’s budget to include capital purchase costs up to the level indicated in this report of £38m, subject to Recommendation 4.
3. Approve an investment into PIP of up to 49% of the project development costs set out in this report (up to £19m).
4. Delegate authority to the Executive Director of Place and Economy, in consultation with the Director of Law and Governance and Director of Resources to negotiate the terms of the investment and enter the necessary legal documents to facilitate the delivery of this project.
5. Establish a working group comprising Cllr Allen, Cllr Fitzgerald, Cllr Seaton and Cllr Walsh, and appropriate officers, in order to consider the detail of the project with regard to, among other things, the potential provision of a hydrotherapy pool.