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Decision details

Watershed Phase 1 Redevelopment

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek approval to underwrite phase one of Watershed redevelopment as grant recipient of Revolving Infrastructure Funds from WECA.

 

Decision:

Cabinet:

  1. Approved BCC acting as the Grant recipient and underwriting the repayment of £500,000 of RIF Funding from WECA on behalf of Watershed Arts Trust Limited for the Phase 1 Watershed Capital Development;
  2. Authorised the Executive Director Growth and Regeneration to enter into a grant agreement with WECA;
  3. Authorised the Executive Director Growth and Regeneration to enter into a grant agreement to transfer the grant to Watershed Arts Limited on confirmation that the necessary arrangements are in place to deliver the Project.

 

Report author: Stephen Peacock

Publication date: 01/09/2020

Date of decision: 01/09/2020

Decided at meeting: 01/09/2020 - Cabinet

Effective from: 12/09/2020

Accompanying Documents: