Issue - meetings

To consider the report of the Head of Regeneration, Alexandra Palace.

RECEIVED the report of Mark Hopson, Head of Regeneration and Development – Alexandra Palace, on the work of the Regeneration Working Group as set out in the report.

• In response to a question from the Board, Duncan Wilson advised that the Trust was paying Colliers, with the approved budget. It was hoped that the reinvestment of budget savings could be continued in future years for regeneration work. It was confirmed that the Colliers team was the same as had previously been involved at the Palace.
• The Board was advised that a draft outline strategy for the theatre had been produced and adopted by the Friends of the Theatre – Duncan Wilson advised that this was being incorporated into a briefing as part of a business case for the running of the theatre, drawing on professional expertise in this area. The documentation around this issue would be circulated to the Board in the next couple of weeks. The Friends of the Theatre were thanked for their work in moving things forward in this regard.
• In response to a question from the Board, Duncan Wilson advised that, where contract values were within the agreed regeneration budget and below the threshold for further approval by the Board, professional expertise would be engaged as required within the masterplanning envelope in order to drive the regeneration project forward.

RESOLVED

i)                    That the Board note and approve the on-going regeneration related work since the last update on the 29^th November 2011.

ii)                  That the Board note and approve the emerging business plan and financial strategies outlined and specifically the detail of the information relating to potential funding models.

iii)                That the Board consider and approve the approach to public consultation in May 2012.

iv)                That the Board note the forthcoming regeneration milestones.

v)                  That the Board formally advise the Council of the emerging issues in particular the potential funding options.