Issue - meetings

The Cabinet considered a report on the proposal of the Bromsgrove Arts Centre Trust (the Operating Trust) to become a charitable company limited by guarantee. It was noted that the incorporation of the Operating Trust would require some consequential amendments to the lease and various agreements relating to the Artrix.

RESOLVED:

(a)       that the proposed incorporation of the Operating Trust be noted;

(b)       that the Licence to Assign and Deed of Variation in respect of the lease be approved and the Head of Legal, Equalities and Democratic Services be authorised to sign these documents;

(c)        that the Deed of Novation of the Overarching Agreement and the Deed of Novation of the Dual User Agreement be approved and the Head of Legal, Equalities and Democratic Services be authorised to sign these documents; and

(d)       that the Head of Leisure and Cultural Services be authorised to revise the Service Level Agreement in order to reflect the transfer from the Operating Trust to the new company.