That Council puts in place a revenue budget funded from the £500,000 receipt to cover ongoing reservoir running costs which should last 25 years (based on £20,000pa).
Decision made
1. That Cabinet approves the transfer of the land and reservoir to South Ribble Borough Council and the receipt of the sum of £500,000
2. That Cabinet approves the principles of the outline Master Plan. Further reports will come back through Cabinet and Council around the phasing of delivery and funding options for the component parts.
3. That Cabinet approves the funding of £150,000 plus a £25,000 contingency for the refurbishment of the existing Sports Club and Changing Rooms as phase 1A of the prosed Master Plan. The £150,000 is to be funded from s106 and £25,000 from the new Leisure Local budget.