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Decision details

Hengrove PFI Leisure Centre

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek approval in relation to financial adjustments required in accordance with obligations under the PFI contract as a result of COVID-19.

Decision:

Cabinet

  1. Noted this is a legitimate claim under the terms of the PFI agreement approved by cabinet in 2008;
  2. Agreed to provide the required financial assistance and contractual relief in accordance with the Qualifying Change in Law mechanism and the satisfactory outcome of commercial negotiations, subject to assessment and approval of the claimed costs by the Chief Finance Officer;
  3. Noted and approves the financial adjustments made from March - June 2020 of approximately £237,643.03.
  4. Authorised the Executive Director People in consultation with the Executive Member for Finance and the Chief Finance Officer to negotiate and approve the relevant financial adjustments required in accordance with the PFI contract and the necessary variations (‘Change’) to achieve this.
  5. Noted that the situation will be kept under careful review and further reports will be brought to Cabinet if needed.

 

Report author: Guy Fishbourne

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: