Issue - meetings

To consider the report of the Director of City Development on the selection of the preferred and reserve operators for the proposed Leeds Arena, and seeking authority for the Director of City Development to enter into a legal agreement with the preferred operator (or reserve operator, should the need arise) of the Leeds Arena on the terms contained within the report.

Appendices 1 and 2 and associated plans to this report are designated as exempt under Access to Information Procedure Rule 10.4(3).

The Director of City Development submitted a report on the selection of the preferred and reserve operators for the proposed Leeds Arena, and seeking authority for the Director of City Development to enter into a legal agreement with the preferred operator (or reserve operator, should the need arise) of the Leeds Arena on the terms contained within the report.

Following consideration of appendices 1 and 2 and associated plans to this report designated as exempt under Access to Information Procedure Rule 10.4(3) which were considered at the conclusion of the meeting it was

RESOLVED –

(a)  That  Bidder B be approved as the preferred operator for the proposed Leeds arena as detailed in Appendix 1 of the report.

 (b)  That the Director of City Development be authorised to enter into a legal agreement with the preferred arena operator on the terms outlined in Appendix 2 of the report.

(c)  That Bidder A be approved as the reserve operator for the proposed Leeds arena as detailed in Appendix 1 of the report

(d)  That the Director of City Development be authorised to enter into a conditional legal agreement with bidder A on the terms outlined in Appendix 2 of the report.

 (e)  That in the event that the preferred operator for the arena as detailed in Appendix 1 of the report withdraws from the project or varies their submission in a manner which results in the reserve bidder’s submission being more advantageous to the Council, the Director of City Development be authorised, with the concurrence of the Executive Member for Development and Regeneration, to take appropriate action to secure the reserve bidder pursuant to the conditional agreement previously entered into with bidder A as the preferred operator for the arena.