Decisions for issue Brighton Centre reserve maintenance works

(1)   That Cabinet approves allocation of £820,000 from the Brighton Centre Re-Development Reserve towards maintenance and operational needs of the existing Brighton Centre in order that the economic impact of the Venue can be maximised up to the point of re-development. This amount is based upon an assumption of continued Planned Maintenance Budget investment at a level equivalent to 2009/10.

(2)         That Cabinet instructs officers to continue to reassess the required level of the reserve once the latest feasibility study is completed. The council will need to build sufficient contributions within the Medium Term Financial Strategy to ensure the level of the Brighton Centre Redevelopment Reserve is adequate to support the development.