Issue - decisions

(1) To NOTE the outcomes of the feasibility study;

(2) To AGREE that Work is progressed on determining the viability of implementing a scheme for the relocation of the library, creation of community facilities with meeting room and exhibition space, accessed by a new lift;

(3) To AUTHORISE the Chief Property Officer to finalise the preferred scheme for the development of Victoria Hall in consultation with Cabinet Member for Community Resources and Cabinet Member for Neighbourhoods and subject to:

·  A business plan being completed for the facility, which includes the library relocation,  and which will be subject to the approval of the Section 151 Officer;

·  The sources of additional revenue liability resulting from any additional running costs being identified. Any additional revenue costs will represent a funding pressure for 2013/14 and prudent provision is being included in the Resources MTRSP;

·  Sources of external capital funding, including local grants, being fully explored.

(4) To AUTHORISE the Chief Property Officer to dispose of the existing library;

(5) To AUTHORISE the Chief Property Officer to maximise the financial returns from the caretaker’s house to facilitate the development of Victoria Hall; and

(6) Subject to the above, to ALLOCATE £160,000 from the Radstock Regeneration Budget and a maximum of £715,000 from the Capital Contingency, to facilitate the development; further subject to the Capital Contingency being replenished to an appropriate level as part of the 2013/2014 Budget.