Decision details

Update progress on the project and seek cabinet approval:

-       To submit a Stage 2 grant application to the Heritage Lottery Fund,

-        accept a grant offer from the Heritage Fund should the application be successful

-       the allocation of Council funds to provide the match funding required. 

-       of a variation to the Heads of Terms of the lease to the Arcade Group

of other matters necessary to implement the project.

Representatives of the Arcade Group will be involved in agreeing the heads of terms for the lease.

RESOLVED -

1)    That approval be given to the submission to the Heritage Lottery Fund of a Stage 2 application, and if it should be successful, the acceptance of any offer of grant from the Heritage Lottery Fund be delegated to the Strategic Director (Growth and Regeneration) in consultation with the Service Director (Legal, Governance and Commissioning) to agree and complete any related grant or any other associated legal agreements.

2)    That approval be given to the granting by the Council of an agreement for lease and lease of the Arcade to the Arcade Group/Arcade Company under the Heads of Terms contained in the Appendix 3 (exempt) and that authority be delegated to the Strategic Director (Growth and Regeneration) in consultation with the Service Director (Legal, Governance and Commissioning) to agree and complete the lease once preconditions outlined in the Agreement for Lease have been met and all other legal documentation.

3)    That approval be given to allocate £500,000 for the Arcade project from the Dewsbury Town Centre Action Plan programme part of the approved capital plan, subject to the resources being available.

4)    That the intention to seek tenders for the project prior to all funding being confirmed be noted.

5)    That it be noted that, subject to approval of a grant from Heritage Lottery Fund, the Strategic Director (Growth and Regeneration) in consultation with the Service Director (Legal, Governance and Commissioning) has delegated authority to let the construction works contract.