Decision - Options for Investment to Preston Park Cycle Track

That the Economic Development and Culture Committee.

(1)      Authorises officers to prepare and submit a grant application to British Cycling for a grant to carry out upgrades to the cycle track to return it to a state suitable for competitive use.

(2)      Authorises the Director of Environment Development & Housing and the Director of Finance and Resources to sign off the grant funding application.

(3)      Agrees that £100,000 of s106 contributions for Preston Park will be allocated as match funding for the scheme, representing up to 35% match funding.

(4)      Authorises subject to a successful grant funding the procurement of a contract for works to upgrade the perimeter fencing as set out in the report; 

(5)      Grants delegated authority to the Executive Director of Environment, Development & Housing to award the contract following the recommendations of the evaluation panel and the results of the tendering process.

(6)      Agrees to increase the hourly rental for the track for events organised by commercial operators to £50/hour from 1^st November 2015.

(7)      Notes that any future decisions on the expenditure of Preston Park parking surplus and the remainder and any s106 funds for Preston Park are informed by the Management Plan for the park, which falls under the remit of the Environment, Sustainability & Transport Committee.