Decision details

It is resolved that:

(A)      Council approve a cash grant to Judge Rainbow Memorial Fund Inc for $300,000 to support the construction of a new building at 22-26 Wigram Road, Glebe, for the purpose of increasing capacity of Rainbow Lodge supported housing program subject to the following conditions:

(i)         approval of the cash grant will be withdrawn if the project substantially changes from the current proposal to increase capacity of the Rainbow Lodge supported housing program;

(ii)        the grant funds will only be paid when evidence of a construction certificate for the project is issued; and

(iii)      acquittal of the grant is to be provided by way of evidence of an occupation certificate for the project;

(B)      Council note that the grant amount is exclusive of GST;

(C)      Council note that a covenant on title will not be required as a condition of the grant, given the size of the cash grant, nature of the project, established nature of Rainbow Lodge at this location and commitment from Homes NSW to the ongoing and long-term use of the property for Rainbow Lodge; and

(D)      authority be delegated to the Chief Executive Officer to:

(i)         finalise negotiations, execute and administer the grant agreement with the Judge Rainbow Memorial Fund Inc in accordance with this report; and

(ii)        otherwise administer all matters relating to this grant.

Carried unanimously.

S117676