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SERVICE AREA: |
Population Health |
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SUBJECT MATTER: |
SPORT AND LEISURE REVIEW |
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DECISION: |
1. That the proposed re-profile of the management fee values payable for the financial years 2018/19, 2019/20 and 2020/21, be approved as detailed in appendix 1 of the submitted report 2. That the existing level of prudential borrowing will be wholly repaid by Active Tameside by 31 March 2025 (2024/25) be noted. 3. That it be acknowledged that Active Tameside have requested up to £ 1 million additional borrowing to finance the equipment for the commercial venture at Active Denton and the repayment terms for this additional borrowing be subject to a further report to a future meeting of Executive Cabinet. |
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DECISION TAKER(S): |
Executive Cabinet |
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DATE OF DECISION: |
23 January 2019 |
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REASON FOR DECISION: |
The re-profiling of the management fee allows Active Tameside to remain financially sustainable for the foreseeable future. This will enable the existing level of prudential borrowing (£4.5m) to be wholly repaid by 31 March 2025 (2024/25). Active Tameside have requested up to £1 million additional borrowing. |
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ALTERNATIVE OPTIONS REJECTED (if any): |
To retain the existing management fee agreement approved by Executive Cabinet on 274 March 2016. |
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CONSULTEES: |
Not applicable. |
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FINANCIAL IMPLICATIONS: (Authorised by Section 151 Officer) |
As detailed within the submitted report. |
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LEGAL IMPLICATIONS: (Authorised by Borough Solicitor) |
As detailed within the submitted report |
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CONFLICT OF INTEREST: |
There were no declarations of interest. |
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DISPENSATION GRANTED BY STANDARDS COMMITTEE ATTACHED: |
Not applicable. |
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REFERENCE DOCUMENTS: |
The background papers relating to this report can be inspected by contacting Debbie Watson, Interim Assistant Director of Population Health on 0161 342 3358, or at |