Purpose

To seek a decision relating to matters
relating to Spalding Business Improvement District.

Decision

1.     
The
Council agrees to enter into the operating agreement between the
Council and Spalding BID company, as detailed in Appendix A, noting
the considerations associated with the operating agreement as
detailed within this report. 

 

2.     
The Leader
approves the addition of £40,163
to the 2024/25 budget funded by the Investment and
Growth reserve, and approves the addition to future budgets through
the annual budget setting process to cover the budgetary commitment
the operating agreement with the BID places on the council as set
out in paragraph 5.7.1

 
3.   
To authorise the Assistant Director –
Strategic Growth and Development, in consultation with the Leader
of the Council, to negotiate and conclude the Operating Agreement
with the Spalding BID company.