White City Community CIO, Funding of Community Facility
- White City CIC has changed its
status to a CIO. Authority is granted to the Head of Communities in
consultation with the Council Solicitor and Chief Finance Officer
to agree Deeds of Novation to cover previous grants for this
project.
- As a result of project changes, the
impact of Covid 19 and the requirement
to progress fundraising, authority is granted to the Head of
Communities in consultation with the Council Solicitor and Chief
Finance Officer to agree a Deed of Variation in respect of the 2018
grant agreement. Notably this increases the grant from £50k
to £69,977.
- Authority is granted to the Head of
Communities to agree a new Deed of Grant for the remaining funds
(£92,023) which removes the requirement for £50k to be
withheld until completion.
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