Issue - items at meetings - Hove Library Provision

Joint report of the Acting Executive Director for Environment, Development & Housing and the Assistant Chief Executive (copy attached).

RESOLVED:

1)     That the Committee authorises the Executive Director Finance & Resources, Assistant Director Property & Design and Head of Legal & Democratic Services to approve terms and disposal of Hove Library Carnegie building and Hollingbury Library building to support the library service redesign and re-locations set out in the body of the report. 

2)     That the Committee approve the ring-fencing of the capital receipts from the sale of both buildings to fund the development of a new extension at Hove Museum (Brooker Hall) and the physical moves of Hove Library into Hove Museum, and of Hollingbury Library service into the Hollingbury and Patcham Children’s Centre and the Old Boat Community Centre. Any surplus receipts from the disposals of the two buildings will be reinvested into the council’s corporate strategic capital resources for future capital investment priorities.

3)     That the committee approve additional borrowing to fund potential shortfalls in capital expenditure required to enable the development of the extension at Hove Museum. The borrowing costs will be met from the Hove Library revenue savings.

162.1    This item was withdrawn from the agenda.