Page 39 - Summer2018Gazette

Club News 39

that no security would be re- be approved by way of special Resolution 6.2. That the
quired as the Charity Bank was resolution of the members in Directors be, and are hereby,
set up to make loans to charities general meeting. The advice authorised to do the following
that did not generally have from the company lawyers, in relation to the proposed
assets to offer as security for Muckle, was that the terms of development and completion
such loans. There would be no the existing Articles have exact- of a new Community Sports
potential liability for members ly the same effect and Recreation Facility at
of club members. but the Director/Trustees want- Norman Park, substantially in
Chris Haines asked about plans ed the wording to be absolutely accordance with the plans and
for encouraging cross country clear on this point designs presented to the meet-
running and the arrangements Once the Directors were satis- ing, all documentation relating
for that section when the club fied that (i) adequate funding to these matters to be in such
moved to Norman Park. The is available or committed to form, including any conditions
club has had meetings with the and undertakings, as the Direc-
manager at the Warren who is enable completion of the project tors consider to be appropriate,
in accordance with the current
very keen to accommodate the budget (including the desig- having taken such professional
club for its fixtures at no direct advice as they consider fit:
cost and the Old Beccehamians, nated contingency amount and Resolution 6.2 (A). To enter
the amount of any VAT payable
at Spring Park, will allow their into (a) an agreement for lease
facility to be used on Wednes- on the construction); and, (ii) and (b) a lease, each with the
day evenings. planning permission has been London Borough of Bromley,
granted for the new facility. The
In support of the move Julie matter was put to the vote. The for a period of 125 years in
Asher-Smith noted that the Resolution was approved 107 relation to the track and new
Directors/Trustees of whom in favour and 7 against. This facility at Norman Park.
she is one were very excited included 50 proxies in favour Resolution 6.2 (B). To sell the
by the prospect of the future and 4 proxies against. Resolu-
development which will create tions 6.2 A to 6.2F were then Company’s land and clubhouse
a sustainable future for the club taken on a single vote with 109 at 56, Bourne Way to The
and it needed the enthusiasm in favour and 8 against. There Construction Project Limited,
and trust of the club members were 49 proxies in favour and 5 or its nominee, for an amount
as well if this crucial develop- against. not less than £1,750,000 and to
ment was going to go ahead and apply the sale proceeds towards
achieve all its potential. Paul The resolutions put at the AGM funding the new facility at
Patten, one of the Director/ were as follows: Norman Park.*
Trustees, said that he had Resolution 6.1. The wording of Resolution 6.2 (C). To acquire
consulted informally with the Article 21.3 in the Company’s Norman Park Track Man-
young athletes, some of whom Articles of Association should agement Limited (‘NPTM’)
he has helped to coach over the be amended to read: “The as a wholly-owned subsidiary
past 17 years, and he has gath- Trustees may not dispose of and to delegate to NPTM
ered signatures from 97 of the any asset(s) of the Club, which the day-to-day operation and
young athletes in favour of the has or have, as at the proposed maintenance on behalf of the
current proposals and the move date of disposal, an aggregate Company of both the track and
to Norman Park. market value which exceeds that the new facility at Norman Park
Ian Young introduced Reso- defined in the Finance Policy, (including the ability to employ
lution 6.1 and said that it had without obtaining the approval and remove staff and enter
been put forward to make it by way of special resolution into licences for use of parts of
absolutely clear that a major of the Members in general the premises) and permit the
disposal of property required to meeting.” * appointment to the Board of