Further to minute 407 (19 March 2009), the Director of Law, HR and Asset Management requested approval for a transfer of the Moreton Community Centre to Moreton Community Centre Limited in accordance with the Council’s Asset Transfer Policy. He outlined the community benefit of the transfer and provided details of the transfer proposal. He commented also that a five year business plan produced by the Joint Management Committee had been assessed by the Director of Finance, who considered it to be sustainable following a transitional two year period. An independent property condition survey had also been undertaken and the Director reported that agreement had been reached in relation to the cost of the works that were required to enable a transfer to proceed.

Resolved –

(1)  That a transfer of the Moreton Community Centre to Moreton Community Centre Limited be agreed and the Director of Law, HR and Asset Management be authorised to negotiate and complete the necessary lease on the terms set out in his report.

(2)  That a grant be made using monies allocated through the Community Fund to cover the cost of agreed works to the property and transitional costs for the first two years of the business plan.

(3)  That a six month review of the progress of the business plan for the first two years of its operation be undertaken to ensure that it is on target to achieve a surplus position by the beginning of Year 3.