Issue - decisions
Romford Business Improvement District Proposal
Cabinet:
- Reviewed and approved the Romford Town
Management Limited BID Proposal to go
to ballot in June 2018;
- Agreed to support the formation of a
BID in Romford Town Centre, subject to a successful ballot taking
place in accordance with the Business Improvement Districts
(England) Regulations, 2004;
- Noted that the Council will be subject
to payment of the levy on its properties within the BID
area; and,
- Agreed that the Head of Property
Services (one Source) be authorised to cast the
Council’s vote to support the
establishment of the BID in relation to all the council properties
within in the BID area; and,
- Delegated authority to the S151
Officer in consultation with the Director of Neighbourhoods to
negotiate and settle agreements in relation to any advance funding
for the BID of no more than £230,000, subject to a successful
ballot, the creation of the BID and the production of a
costed workplan and
cashflow acceptable to the S151 officer detailing the funding requirements.