RESOLVED - That:
1.In advance of the Arts Council releasing the first tranche of its
£7m grant towards the cost of the new Coliseum Theatre, the
Council pays the Theatre’s eligible costs incurred in
relation to its fund raising campaign;
2.Following the release of Arts Council grant payments, the Council
continues to pay the costs of the Coliseum Theatre’s fund
raising campaign on a quarterly basis up to an agreed ceiling, and
subsequently claims back these costs, along with those paid in
advance to the Theatre, from the Arts Council.