Decision details

1. To note that the Business Improvement District (BID) Proposal and supplementary documents from the HWB Caernarfon Company have been received by the Council and that they comply with the Regulations;

2. That the Cabinet instructs the Returning Officer to hold the Caernarfon
BID ballot;

3. To approve the financial arrangements and implications noted in Part 3 of the report;

4. To delegate the right to the Cabinet Member for the Economy to vote on behalf of the Authority in the BID ballot.

5. If the ballot is successful in Caernarfon, and in accordance with the Business Improvement District (Wales) Regulations 2005, to delegate the right to the Head of Economy and Community, in consultation with the heads of the following departments to approve the final version of the  Operational Agreement and the Baseline Agreement and complete the Agreements in accordance with the Council’s arrangements:

· Environment

· Highways, Engineering and YGC

· Legal

· Finance.