Purpose

The decision achieves a council objective of
disposing of its entire shareholding in KSDL and ceasing to be
responsible for the operation of the Accu (formerly John Smith)
Stadium (Leeds Road Huddersfield), other than as freeholder.
 
It will enable the Council to obtain
possession and freehold ownership of the Gasworks Street site which
is necessary for regeneration purposes.
The surrender of the Council’s lease of
the Swimming pool facility will relieve it of liability under the
lease to KSDL. The restructuring will mitigate the Council’s
liabilities.  Various alternative
structural changes have been considered previously, but these have
not been successfully implemented. This arrangement has features
that are advantageous over previous proposals.

Content

•         That the
councils shareholding in KSDL be transferred to Huddersfield Town
Association Football Club Limited (HTAFC)
•         That as
a part of this arrangement certain other property transfers,
financial arrangements and restructuring are undertaken.
•         That
share transfer and restructuring of leases and other
arrangement’s by Huddersfield Rugby League Football Club
(HRLFC), Huddersfield Sporting Pride Ltd (HSP) and one other person
be conditional on the effecting of these recommendations
•         The
service director Legal, Governance and Commissioning be authorised
to enter into and execute on the Council’s behalf any
necessary documentation or instruments in relation to the above
matters