Agenda item

To consider the report of the Director of Resources providing information relating to a request received by the Council from Yorkshire County Cricket Club in relation to a loan provided by the Council to the Club in 2005.

Appendices B to F to the report are designated as exempt under Access to Information Procedure Rule 10.4(3).

Further to Minute No. 184, 14^th January 2009, the Director of Resources submitted a report providing information on a request received by the Council from Yorkshire County Cricket Club regarding a loan provided by the Council to the Club in 2005. The Club’s request related to amending  the current schedule of repayments for the loan and extending the repayment period. In addition, the report noted that the Club was also seeking the Council’s consent to amend its term loan with its bank and to enter into a financial liability.

On behalf of the Board, the Chair thanked all officers who had been involved in the negotiation process with the Club in respect of this matter.

Following consideration of Appendices B to F to the submitted report, designated as exempt under Access to Information Procedure Rule 10.4(3), which were considered in private at the conclusion of the meeting, it was

RESOLVED –

(a)  That the variation to the Council’s loan agreement with Yorkshire County Cricket Club be agreed, as outlined within the submitted report.

(b)  That the necessary consents be granted to facilitate Yorkshire County Cricket Club entering into a variation in respect to their loan agreement with their bank and also to enable the Club to accept the loan from its Chairman.

(Councillor Yeadon declared an Other Significant Interest in respect of this matter, as a member of Yorkshire Disabled Cricket Club. The Director of City Development declared an interest in respect of this matter, as the Council’s nominated Director on the Board of Yorkshire County Cricket Club)