12:00PM, Friday 17 June 2016
Members of Maidenhead Golf Club will meet next month to discuss the Royal Borough’s multi-million pound offer to surrender the course’s lease early.
They will discuss whether it is in the interests of the club to accept the offer on Monday, July 4 at the Holiday Inn in Manor Lane.
Under discussion will be a special resolution that the Articles of Association of the Company be amended to prevent the board from selling the club’s assets worth over £1million without ‘prior approval of an ordinary resolution of the Company’, according to a letter sent to members and seen by the Advertiser.
A subsequent resolution to authorise the board to accept the offer will be considered, and, if not passed, a resolution to direct the board to reject the offer will then be considered by the meeting.
The council has earmarked the 150-acre site for 1,300 new homes if the lease is surrendered early.
The club will receive £12m to give up the lease, which expires in 2039, within seven years, rising to £16.25m if the club leaves within three years.
In addition, it will no longer pay the council rent, currently £115,000 a year.
*The headline of this article has been amended after it incorrectly stated golf club members were due to meet with the Royal Borough.
Top Ten Articles
Two Slough men who launched an ‘unprovoked attack’ on a man and a woman in Maidenhead town centre have been sentenced to four and a half years in prison.
A tribute to John Spicer, who died in a traffic collision in Winkfield Road on Sunday, has been issued by his family this evening.