Purpose

For Cabinet to approve all Key Decisions and
project expenditure over £500k relating to Your Fund Surrey.
For Cabinet to receive a regular update on the performance of the
fund for noting.

Content

RESOLVED:
 

That Cabinet
agrees to fund the full amount requested of up to £600,000
(out of a total project cost of £2,411,267, 25%) comprised
of:

·        
£600,000 of capital funding towards the
creation of a pavilion to be paid in staged payments, on evidence
of spend

·        
Including 5% to be held by SCC until final evidence
of income, expenditure, building control sign-off

·        
Noting funding would be conditional on the
following:

                             
i.       
Either all other funding being in place for the
original project

                           
ii.       
Or a formal review of the scope and cost to match
the available funding. The scope to be formally approved by SCC
within agreed timeframes, ahead of Local Government reorganisation
within Surrey 

That Cabinet authorises Legal Services to seal the
Funding Agreement

 
Reasons for
Decisions:
 
This application has been the subject of a
rigorous assessment process by officers, as set out in the body of
this report. Officers consider the project to meet the aims and
published criteria of the fund and to satisfy the requirements to
award funding, subject to other funds being raised. 
The project seeks to build a
new youth focused pavilion that will serve as a base
for the local youth football team and scouts, while also
providing inclusive and accessible community
infrastructure in a rural village community.
 
(The decisions on
this item can be called-in by the Communities, Environment and
Highways Select Committee)