The Chief Officer Culture & Sport has
agreed to sign the contact with WtY/ASO and has approved its terms
as described in the DDN report.
Details:
1. The Chief Officer Culture and Sport has entered into a signed
contract with Welcome to Yorkshire (WtY) and Amaury Sport
Organisation (ASO) to host Stage 4 finish of the 2018 edition of
the Tour de Yorkshire in Leeds City Centre. The race will also pass
through the Leeds boundary on Stage 2.
2. A budget of up to £230k has been identified to deliver /
support the event through the normal budget setting process. Of
this, £100k is a management fee payable to Welcome to
Yorkshire and £130k will be funded by an agreed allocation
form the Leeds City Region Business Rate pool.
3. The terms of the contract which have been negotiated by the
Council, are the best which can be achieved within the time
available and represent an acceptable risk allocation between the
parties.