Agenda and decisions

Members are asked to declare any interests in the items under consideration and in doing so state:

(1) the type of interest concerned; and

(2) the nature of the interest concerned

If any member requires advice on declarations of interests, they are advised to contact the Head of Democratic Governance in advance of the meeting.

The Executive agreed the recommendations as outlined above namely:

1. To agree in principle to the proposal for the development of a new conference and exhibition centre situated at the Winter Gardens complex.

2. That the Director of Place be given delegated authority to progress the first stage of the delivery of a new conference and exhibition centre situated within the Winter Gardens complex, as set out in this report, to include the completion of all due diligence associated with the project and the submission of an outline planning application.

3. That in order to deliver the proposed project within the associated time constraints, up to £50,000 of funding is made available from August 2016 to be used in finalising the scheme designs and completing due diligence, financed from the Leisure Assets portfolio. 

4. To note that a further report will be brought to the Executive once decisions from other organisations on grant funding have been made to agree the further steps in the delivery of the conference and exhibition centre.  

The Executive agreed the recommendations as outlined above namely:

1. To agree the adoption of the Enterprise Zone Business Rate Relief Policy as attached at Appendix 3a, to the Executive report. This policy includes the delegation of decision making on recipients of such relief to the Director of Resources.

2. To agree to fund up to £1,600,000 over 5 years (of which it is envisaged £725,000 will be recovered from other parties) to fund the promotion and administration of the Enterprise Zone.

The Executive resolved as follows:

1. To agree to Prudentially Borrow £4.5m to make a secured loan to Create Development (Blackpool) Ltd to facilitate the development of a 135 bedroom hotel to an agreed standard.

2. To delegate the approval of the loan agreement to the Chief Executive to the borrowing limits referred to in the report at Paragraph 9.3, following consultation with the Leader of the Council