Report of the Chamberlain.
The Committee considered a report of the Chamberlain in relation to a request to the City Corporation as trustee of Bridge House Estates (registered charity no: 1035628) from the Police Authority Board on behalf of the City of London Police (CoLP) for an increase in annual funding for CoLP.
RESOLVED: That, acting for the City of London Corporation as trustee of Bridge House Estates (charity registration no: 1035628), Members approve:
1. An increase in funding by £56,000 to £298,000 per annum from BHE unrestricted income funds from 2020/21, subject to an annual increase in future years in line with pay awards and inflation to be confirmed in November of each year, ahead of the relevant financial year, to fund the cost of policing the City Bridges.
2. That this sum and the services provided be subject to regular review, with a formal review after 5 years.
3. The production of a framework agreement between BHE and CoLP that sets out each of the services to be provided.