Update on Position of Lincoln Arts Trust Ltd
Purpose of Report
To provide the Executive with an opportunity to consider in more detail the financial position of the Lincoln Arts Trust Ltd further to its previous decision on 26 August 2020 not to renew the service level agreement, which was due to expire on 31 March 2020.
That the recommendations contained within the report, and the additional recommendation published as a supplement to the agenda, be approved.
Alternative Options Considered and Rejected
Alternative options considered and rejected were set out in the report.
Reason for Decision
Reasons for the decision were set out in the report.