Decision details

To consider the current and future contractual position regarding the Banbury Market.

The Head of Urban and Rural Services submitted a report on the current position with Banbury Market, to consider the options for long-term management and operation of Banbury Market and to identify preferred options for further investigation. 

Resolved

(1)       That the current position and arrangements for the continued siting, management, control and regulation of Banbury Market (the Market) be noted.

(2)       That options 3, 5 and 6 for the future management and operation of the Market be agreed as worthy of a more detailed assessment, with options 5 and 6 being preferred at this stage and option 4 held in reserve.

(3)       Authorise the Head of Urban and Rural Services to investigate further the risks/benefits to the Council in pursuing the options set out above, and report back to the Executive in April/May 2009 with a recommendation as to the option he considers would, if implemented, represent the Council’s best interests.

Reasons – The council has been required to take action to ensure the continuation of Banbury Market, due to the previous operator ceasing to trade.