The Cabinet resolved that:
The recommendations of the Leisure and Arts Advisory Board be approved as follows:
1) the Memorandum and Articles of Association for the new Trust be noted;

2) the draft Heads of Terms, outlined in Annex 2 to the report, be approved;

3) the formal agreements between the Borough Council and the Trust, outlined at sub-section 1.2.2 of the report, be reported to the next meeting of the Advisory Board;

4) the Leisure Trust Business Plan be reported to the next meeting of the Advisory Board;

5) the authority delegated to the Interview Panel to appoint Trustees be noted;

6) the leases relating to the leisure facilities being managed by the Trust on behalf of the Borough Council be reported to a future meeting of the Finance, Innovation and Property Advisory Board; and

7) the Trust's proposed brand name, to be used as a marketing tool, of "tmactive" be approved.

Reasons: As set out in the report submitted to the Leisure and Arts Advisory Board of 21 May 2013.