Decision

1)    
To accept the surrender of the Lease dated 19th
April 2024 with effect from 31st July 2025 from Tower Cinemas
(Blackpool Ltd).
 

2)    
To proceed with the Management Agreement with Arc
Cinema Ltd, on an interim basis for a period of up to three months
and to agree that the Council will underwrite all costs during this
time including staffing, any redundancies, suppliers, consultants
together with the monthly management fees.
 

3)    
To delegate authority to the Chief Executive, after
consultation with the Leader of the Council, to enter into a Lease
with Arc Cinema Ltd subject to satisfactory due diligence and
within existing financial limits.
 

4)    
To enter into/accept the transfer of a Premises and
Alcohol Licence and any other
contracts/supplies as necessary for the cinema operations, on an
interim basis to the Council, and to transfer the same to Arc
Cinema Ltd as required when the Lease is completed.
 

5)    
To delegate authority to the Chief Executive, after
consultation with the Leader of the Council to enter into leases
for the restaurant subject to satisfactory due diligence and within
existing financial limits.
 

6)    
If resolution 1 cannot be completed as it requires
the co-operation of the current
Tenant,
then to delegate to the Chief Executive the decision to instruct
the Head of Legal Services to forfeit the Lease dated 19th April
2024.
 

7)    
To authorise the Head of Legal Services to prepare
legal documentation and enter into and complete appropriate
documents/contracts as necessary to complete the transactions after
due diligence is completed.