Decision details

1

That the Council agrees not to veto the ballot request, to approve the Dunoon BID Business Plan and to instruct the Returning Officer to conduct a renewal ballot over 42 days in 2018 from Thursday 18 January to Thursday 1 March (the ballot day).

2

Authorise the Executive Director of Development and Infrastructure to cast the votes on behalf of the Council in favour of continuing the BID.

3

That, subject to a successful ballot, over the five year duration of the Business Plan, the Council through delegated authority to the Executive Director of Development and Infrastructure will;

4

Provide a financial contribution of £20,140 per annum for the next 5 financial years.

5

That, £6,500 (excluding VAT) per annum with charges increased annually by CPI based on the increase over the last 12 months from the base in July 2017 will be taken from the direct contribution via an invoice to PA23 BID Ltd t/a Dunoon Presents. The first increase will apply on 1 March 2018, and annually thereafter for the next 5 years of additional financial support to finance the cost of administering the annual levy collection; and

6

That £13,640 per annum for the next five years in terms of the Council’s contribution (based on property holdings) to the annual levy of £140,000 from part of the £20,140 per annum contribution.