Issue - meetings

Received a report from the Corporate Directors of Resources and Adult and Community Services in respect of proposals to contribute to the funding for the development of the stadium at Dagenham and Redbridge Football Club in order for the Club to comply with Football League regulations.  Noted that as part of the arrangement the Club will support a package of additional facilities and activities aimed at the local community. 

Agreed, in order to support the community benefit to the Borough, to recommend the Assembly to include the sum of £450,000 in the Council’s Capital Programme for 2009/10 in order for a capital grant of £250,000 and a loan of £200,000 to be made to Dagenham and Redbridge Football Club as a contribution towards the projected £1.36m cost of the stadium development project.

(Prior to consideration of this report there was brief adjournment of the meeting).