Council decision on Rugby Park

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The Invercargill City Council resolved last night (24 February 2015) to donate to the Southland Outdoor Stadium Trust (the current owner of Rugby Park) the sum of $400,000 conditional on:

  • SOST using the donation to repay the Community Trust of Southland loan in full and final settlement
  • The Invercargill Licensing Trust making a donation to repay the Pacific Dawn Limited loan in full
  • SOST transferring the Stadium ownership to the Invercargill City Council or its nomineeRugby-Park-Stadium-Jan-2015
  • The Council selling by licence the rights to half of the corporate boxes to Rugby Southland for a term sufficient to extinguish the current debt owed by Southland Outdoor Stadium Trust to Rugby Southland
  • Rugby Southland entering into a lease arrangement with the Council for use of the Administration offices at the Stadium at a yearly rental of $35,000 per annum
  • The existing management agreement involving Rugby Southland and the Stadium be extinguished.

The vote was 5-4.  Two Councillors declared conflicts of interest and did not vote, and illness prevented two other Councillors from attending the meeting.