Decision details

The Executive resolved as follows:

1. To agree that Appendix 4a to the Executive report, the Financial Considerations is not for publication by virtue of Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972 as it includes detailed costings that enable the scheme to be viable. The publication of such information could prejudice continuing and future negotiations.

2. That the Director of Communications and Regeneration be provided with delegated authority to progress the continued renewal and repainting of the Blackpool Tower steel structure, to include the completion of all due diligence associated with the project, as set out in this Executive report and Appendix 4a to the Executive report.

3.  To authorise the Head of Legal Services to continue to enter into any such documentation as may be necessary and to consider and deal with such due diligence as may be required to provide for completion of the Blackpool Tower steel structure renewal and repainting Scheme.

4.  That authority is provided to complete the project funding package of eleven million pounds, through debt finance in the form of Prudential Borrowing, over six years commencing in Financial Year 2022/23, as detailed in the Appendix 4a to the Executive report.