Joint report of the City Surveyor and the Director of the Built Environment.
The Committee considered a joint report of the City Surveyor and the Director of the Built Environment concerning the Cheapside Business Improvement District (BID).
RESOLVED: That Members:-
1. Approve the BID Proposal to allow the Cheapside BID to progress to ballot for a second term.
2. In the event of a successful ballot, authorise the City Surveyor to renew the Memorandum of Understanding in respect of the agreed arrangements for governance and implementation in accordance with the Heads of Terms in this report.
3. In the event of a successful ballot, delegate authority for the day-to-day management of the BID Body’s functions to the City Surveyor. (subject to this being exercised in accordance with the approved Memorandum of Understanding and within the BID levy receipts credited to the BID account)