HULL CITY COUNCILS CULTURE & LEISURE SERVICES                         

Form of Organisation:                                                                                                                                                

Local Authority Controlled Company

Description:                                                                                                                                                                 

Management of the Council’s Culture and Leisure Services

Reserved Matters:                                                                                                                                                       

 “the company will not, without the consent of the Council:

1. Introduce any change in the business of the company, except as provided for in the Business Plan and Annual Budget.
2. Make charges to the public for the use of any building or facility except as provided for in the company Business Plan;
3. Convert the company to a company limited by shares;
4. Issue any debentures or other securities convertible into shares or debentures or any share warrants or any options in respect of shares;
5. Do or permit or suffer to be done any act or thing as a result of which the Company subsidiary is insolvent;
6. Appoint any member of the company or do any other thing which may compromise the company’s status as an in-house company under Article 12, of EU Procurement Directive 2047/24/EU;
7. Make changes to Library provision which conflict with Council's duty under Section 7 of the Public Libraries and Museums Act 1964 to ensure the Council continues to provide a comprehensive andefficient library service for all persons whose residence or place of work is within the City of Hull;
8. Change the branding oridentify of the Company;
9. Enter into any partnership or profit sharing agreement with any person;
10. Determine any matters required under a trust instrument which are required to be determined by the Council as trustee;
11. Borrow any sum other than in accordance with the Company's bank facility in the normal course of business
12. Make any loan or advance or give any credit (other than normal trade credit) to any person, except for the purpose of making deposits with bankers which shall be repayable upon the giving of no more than seven days’ notice;
13. Sell, transfer, lease, assign or otherwise dispose of a material part of the undertaking, property and/or assets of the Company (or any interest in any material part of the undertaking, property and/or assets of the Company and/or any of its subsidiaries), or contract to do so:
14. Enter into any contract, arrangement or commitment involving expenditure or capital account or the realisation of capital assets in excess of[£1m] otherwise than as provided for in the Annual Budget;
15. Appoint or dismiss any director;
16. Change the Company's articles of association
17. Make any payments to directors other than in accordance with a Scheme approved by Council following a report from the Independent Remuneration Panel."

No. of Council Representatives:                                                                                                                              

7