Agenda item

(Mark John Boleat)

2 October  2014

Cheapside Business Improvement District

At its meeting on 12^th June 2014 the Court of Common Council approved the creation of a Business Improvement District (BID) for the Cheapside area and agreed that the Cheapside Initiative (CI) should act as the delivery agent by managing the BID process.

We have considered and approved the CI’s formal proposals for progressing the BID to the consultation stage in advance of undertaking a BID Ballot in March 2015. It is now proposed that the City Corporation act as the BID Proposer and as the BID Body for the initiative and that the functions associated with this be delegated to this Committee. The detailed operational aspects of the initiative would be the subject of a Memorandum of Understanding (MoU) between the City Corporation and the BID Board made up of local representatives.

A printed and circulated report is now submitted for your consideration and we commend its recommendations to you.

(Mark John Boleat)

2 October  2014

Cheapside Business Improvement District

At its meeting on 12^th June 2014 the Court of Common Council approved the creation of a Business Improvement District (BID) for the Cheapside area and agreed that the Cheapside Initiative (CI) should act as the delivery agent by managing the BID process.

We have considered and approved the CI’s formal proposals for progressing the BID to the consultation stage in advance of undertaking a BID Ballot in March 2015. It is now proposed that the City Corporation act as the BID Proposer and as the BID Body for the initiative and that the functions associated with this be delegated to this Committee. The detailed operational aspects of the initiative would be the subject of a Memorandum of Understanding (MoU) between the City Corporation and the BID Board made up of local representatives.

A printed and circulated report is now submitted for your consideration and we commend its recommendations to you.

Read and agreed to.