That the Executive:
1) approved the Council taking a loan of the public artwork, known as ‘the Arc’, on the terms detailed within the report.
2) noted the termination and reinstatement provisions within the terms detailed in the report.
3) noted the financial implications for the Council of the agreement, and that the costs for insurance and maintenance will be included in the Carnival Hub estates management budget.
4) delegated authority to the Director of Assets and Resources, in consultation with the Executive Member for Business and Economic Development, to implement the agreement.