Decision details

The purpose of the report was to seek Executive approval of the Heads of Terms for Middlesbrough Council to enter into a lease agreement with Middlesbrough FC Foundation, who would manage the facility Southlands Community Facility and Sporting HUB once construction was completed. The report also informed Executive of the long-term risks and liabilities associated with the facility and how those will be mitigated through the lease agreement.

AGREED that Executive note the information in the public report:

1.    Notes the principles of the lease agreement set out within the agreed Heads of Terms for the Southlands Community Facility and Sporting Hub, between the Council and Middlesbrough FC Foundation;

2.    Notes the delegated authority for the Director of Regeneration and the Director of Finance, to approve or amend the lease agreement, in line with the Heads of Terms insofar that such approval or amendments protects the Council’s position or enhances the sustainability of the Southlands scheme

3.    Notes the business case that outlines how Middlesbrough FC Foundation will manage and finance the site;

4.    Notes the passporting of liabilities to the partner organisation and how these will be managed through the lease agreement;

5.    Notes the long-term risks and liabilities that could arise, in the event that the partnering organisation ceases to exist.

AGREED That the decision be taken once all the exempt information had been considered.