That:

(a)       the Economic Development Manager be authorised to vote in favour of Hereford BID for the second, five year term (2020-2025);

(b)       payment of the levy on Herefordshire Council properties in the BID area be approved, valued at £21,495 in year one (an increase of £14,790 on the current levy paid) for a period of up to five years; and

(c)       The Director of Economy and Place (liaising with Legal Services) be authorised to finalise and arrange for the execution by the Council of all necessary contract documentation relating to the BID extension.