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.
Decision type: Non-key - Low
Decision status: Recommendations Approved