17 Transfer of S106 Asset, Community Building at Loves Farm, St Neots PDF 880 KB
To consider a report by the Director of Environmental & Community Services outlining a suggested management arrangement for the proposed Loves Farm Community Building.
Contact: M Sharp 388300
Decision:
Approved Loves Farm Residents’ Association as the managing organisation for the Loves Farm Community Building subject to the establishment of an appropriate charitable trust and the receipt of an appropriate business plan.
Minutes:
By means of a report by the Head of Environmental and Community Health Services (a copy of which is appended in the Minute Book) the Cabinet were acquainted with options for the future management of a new community building to be built at Loves Farm Development, St. Neots.
Consideration was given to two expressions of interest for the management of the building from St. Neots Town Council and an established Loves Farm Residents’ Association. In discussing the terms of any transfer, Executive Councillors were advised that the Residents’ Association had expressed a wish to be involved in both the design and supplementary funding of the building. Given their overall enthusiasm for the project, the long term advantages of retaining the freehold rights for the land and the benefits of community ownership, the Cabinet
RESOLVED
that Loves Farm Residents’ Association be approved as the managing organisation for the Loves Farm Community Building subject to the establishment of an appropriate charitable trust and the receipt of an appropriate business plan.