First Floor - New Social Areas consisting of multi use facilities - Additional Toilets - Improved commercial & 3 rd party users’ use/experience - Additional revenue opportunities - Southerly aspect for commercial aesthetics
Balcony - to extend south from existing balcony to line up with Pitch 1
Improve Car Parking
Improve existing car parks (Main and North) More on-site car parking needed
Improve PA System
Extend coverage to east side of Pitch 1
Connect to Mains drainage
Connect to mains drainage
Clear Debt The club’s current indebtedness stands at £403,069.61. That includes Mortgage, Me mbers’ and other Loans including Bank ‘Bounce Back Loan’ . The cost of servicing the above indebtedness is £49,240 per annum at the highest point assuming all loans are kept on. The club’s indebtedness rose from circa £250,000 in 2013 to circa £400,000 in 2016.
How much will it cost and what can the club afford?
The Futures Group investigated potential costs of a number of items and details are shown at Appendix A.
Where will the money come from?
If major expenditure is required for agreed works/improvements it could be achieved by a sale of a portion of the club’s land or if only a modest sum is required by self -funding.
On the basis that there is no available suitable alternative site (Option 3), we are left with Option 1 (Remain at Roundstone Lane) and Option 2 (Sell part) as follows:
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