Purpose

This report provides details of the
establishment of a Merton Legacy Board to oversee the development
of capital projects that leave a lasting legacy in Merton, funded
from the allocation of £15m from Capital Receipts from the
Merton Legacy Fund.

Decision

RESOLVED:
 
That Cabinet:
 
A. Note the setting up of a
Merton Legacy Fund Board to develop and review capital projects
that create a lasting legacy in Merton,
and the proposed governance framework as set out in the report.
subject to the approval of Full Council for the £15m funding
using Capital Receipts from the sale of CHAS in 2023 delegated to
Cabinet.
 
B. Recommend to Full Council
the approval of the allocation of £15m to the Legacy Fund
using Capital Receipts from the sale of CHAS in 2023 and to
delegate to Cabinet the distribution of the £15m to chosen
capital projects, on the advice of the Legacy Fund Advisory Board,
in consultation with the Chief Executive and the Executive Director
of Finance & Digital.