Cabinet will be asked to approve a proposal from the Romford Town Management Partnership (RTMP) to proceed to ballot regarding the creation of a Business Improvement District for Romford

Cabinet:

1. Reviewed and approved the Romford Town Management Limited  BID Proposal to go to ballot in June 2018;

2. 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;

3. Noted that the Council will be subject to payment of the levy on its properties within the BID area; and,

4. 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,

5. 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.