Issue details

There is an exempt annex to this decision that is NOT FOR PUBLICATION in accordance with paragraph 3 of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains information relating to the financial and business affairs of the Council and to disclose them could compromise the Council’s negotiating position in the proposed transaction. The public interest test has been applied to the information contained within the exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest.

The Leader of the Council:-

1.      Authorised negotiations to be concluded with a private developer, Townfast Limited,  for the Council to enter into (a) an Agreement for Lease; and (b) a Lease for 25 years and 6 months of a new leisure facility at Hampton with a projected date for lease commencement on or around 1 December 2013 on the terms set out in the Exempt Annex to this report, the agreement for lease to be entered into after:-

-          Expiry of a 10 day standstill period without challenges following publication of a voluntary transparency notice in the Official Journal of the European Union; and

-          arrangements having been formalised with Vivacity as referred to in recommendation 2 below;

2.      Authorised arrangements be entered into with Vivacity to provide services at both the Hampton leisure facility referred to in recommendation 1 and the new Hampton library and community leisure centre on the terms referred to in this report and on the basis of the financial model referred to in the Exempt Annex;

3.      Authorised the Executive Director – Strategic Resources and the Head of Legal Services, in conjunction with the Deputy Leader and Cabinet Member for Culture, Recreation and Strategic Commissioning, to determine and resolve any issues or any other legal agreements that may be necessary to enable the actions in recommendations 1 and 2 to be achieved within the timescales applicable for the two projects.