Decisions for issue COVID-19: Financial Position Statement

RESOLVED:

(1)         That the contents of the report be noted,

(2)         That the use of officer Urgency Powers as detailed in Section 4 of the report and the records of urgency decisions at Appendix 2 to the report be noted;

(3)         That the principles to be applied to Supplier Relief set out in paragraph 3.28 of the report be noted;

(4)         That delegated authority be granted to the Executive Director of Economy, Environment & Culture, in consultation with the Chief Finance Officer, to negotiate and conclude appropriate terms with concession contractors at risk, on a case-by-case basis, including appropriate emergency financial support.

(5)         That delegated authority be granted to the Executive Director of Economy, Environment & Culture, in consultation with the Chief Finance Officer, to negotiate and conclude alternative payment arrangements, deferral or reduction, on a case-by-case basis, in relation to its commercial tenants.