Decision details

 Agreement is sought to the principle of establishing a Management Company to manage and maintain all non-adopted roads and public open spaces and the river wall at Rochester Riverside post development completion.

Discussion:

The report sought approval for the structure of the proposed Rochester Riverside Management Company and for the level of influence of Medway Council within the Structure. 

Councillor Rodney Chambers, supported by Councillor Jarrett, proposed the recommendations as set out in the report.  

Decision:

The Council:

(a)               approved the proposed two tier structure for the Rochester Riverside Management Company and the funding arrangements for the Rochester Riverside Trust;

(b)               agreed that the level of local authority control in the Rochester Riverside Trust is less than 20% so that it can more easily achieve its charitable status and that the level of control in the Community Interest Company is also less than 20%;

(c)               noted the programme of Council approvals required prior to establishing the Management Company;

(d)               noted the timescale for establishing and endowing the Rochester Riverside Trust and Community Interest Company;

(e)               delegate power to the Director of Regeneration, Community and Culture, in consultation with the Leader of the Council to:

(i)                 finalise the articles of incorporation based on the principles set out in the draft articles attached to the report and to do anything necessary in order to establish and register the Rochester Riverside Trust and the Community Interest Company (including registration of the Trust as a charity); and

(ii)               recruit and appoint the external trustees.