- The not-for-profit Community Interest Company will continue to manage the BID.
- Following a YES vote, the BID Board will continue to represent levy paying businesses within the BID area and such other businesses and stakeholders from February 2021. The Chair of Board will be Marlon Johnson.
- The Board members will continue to create rotation policies for membership. Additional members may be co-opted, as required. Nominated representatives from the Council and the Police will not be subject to the election process.
- Other matters of governance are standard and laid out in the Articles of Association of the Purley BID Community Interest Company Limited, available on the website www.purleybid.co.uk/about/board-meetings
- The team that has been responsible for developing the BID proposal will be responsible of the operational delivery team for the BID.
- The Board shall have the ability to vary service delivery and expenditure according to the changing demands of levy payers. However, any change to the BID boundary or levy rate would require an alteration ballot.
- Businesses within the BID area whose rateable value is under £8,000, and those outside the area, will be encouraged to support the work of the BID.
- An agreement in principle, subject to a successful YES vote has been reached with Croydon Council for an Operating Agreement of the Council’s baseline service commitments.
- Notice of the intention to hold a ballot was given to the Secretary of State on 11th June 2020. Notice of Ballot will be sent to participating businesses by Croydon Council within the required statutory period.
- On Dissolution, the assets for the Purley Business Improvement District Community Investment Company will be offered to its levy fee-paying members in the first instance. Any remaining assets will be sold or distributed by the board members with any profits, first going to the remaining Purley BID projects, then to future graffiti removal costs and any remaining to a local chosen charity.
