Greenwich Council

Issue - meetings.

Woolwich Creative District - Creation of Trust

Meeting: 15/11/2017 - Cabinet (Item 13)

13 Woolwich Creative District - the creation of a new trust, co-operative or Community Interest Company (CIC) to manage the site pdf icon PDF 100 KB

The Cabinet is requested to note options for establishing a new organisation to be responsible for receiving a sublease of the Creative District buildings from the Royal Borough and for managing the site and the relationships.  To note the recommendations from Trowers and Hamlins (TH) that a Company Limited by Guarantee (CLG) should be the preferred structure.  To agree to establish a CLG.  To agree a phased hand-over.

Decision:

1.   Noted the options for establishing a new organisation to be responsible for receiving a sublease of the Creative District buildings from the Royal Borough and for managing the site and the relationships.

 

2.   Noted the recommendations from Trowers and Hamlins (TH) that a Company Limited by Guarantee (CLG) should be the preferred structure.

 

3.   Agreed to establish a Company Limited by Guarantee.

 

4.   Agreed a phased-handover.

Minutes:

Councillor Jackie Smith declared a personal interest in relation to this Item, advising that her partner is the Chair of the Heritage Board of Trustees.  Councillor Denise Scott-McDonald also declared a personal interest in relation to this Item as a Trustee of the Heritage Board.  Councillors Smith and Scott-McDonald remained in the room, and considered and voted on the decision.

 

The Cabinet considered the report and

 

Resolved –

 

1.            That the options for establishing a new organisation to be responsible for receiving a sublease of the Creative District buildings from the Royal Borough of Greenwich, and for managing the site and the relationships, be noted.

 

2.            That the recommendations from Trowers and Hamlins (TH) that a Company Limited by Guarantee (CLG) should be the preferred option, be noted.

 

3.            That it be agreed to establish a Company Limited by Guarantee.

 

4.            That a phased-handover, be agreed.