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Issue details

Leisure PFI

 

 

The report sets out the position with regards to the five year benchmarking review clause in the PFI contract and recommends a revised financial model that is more beneficial to the operator in terms of financing, and the Council in terms of the overall impact on Council finances.

 

On 22 December 2022, Cabinet will consider:

 

a.     Agreeing the additional support at a maximum of £261,900 per annum (plus annual RPI indexation), commencing 1 October 2022, and therefore backdated.

b.     Noting the positions in respect of centre usage, charges and Government utility support

 

 

Decision type: Key

Reason Key: Expenditure or Savings > £100,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 14/12/2022

Decision due: 22 Dec 2022 by Cabinet

Lead member: Portfolio Holder for Sport, Leisure and the Arts

Lead director: Strategic Director of Finance, Commercialisation and Corporate Services

Contact: Adrian Webb, Strategic Director of Finance, Commercialisation and Corporate Services Email: awebb@uttlesford.gov.uk Email: awebb@uttlesford.gov.uk Tel: 01799 510421.

Decisions

Agenda items