INDOOR COURT UPDATE

The final arrangements for construction of the 4 indoor courts are now in place and work will start on site on Tuesday 6th April.

The contract went out to tender in January and the tender process was coordinated by the project managing company, Lee West Associates. Dove Construction were successful in the tender bid process and we are pleased to say that the tender costs are within the original forecasted costs of £800K.

Dove Construction, based in Cheltenham, have worked closely with Summit Structures (who manufacture and provide the fabric frame structure) on a number of projects and are therefore very familiar with the requirements of our development.

The confirmation of LTA funding has also been finalised and there is some very significant positive news to report in that the ratio of grant to loan funding has been changed.

Our financial projections were based on a grant of £140K and an interest free loan of £260k. The actual funding offer that we have received is for a £300K grant and an interest free loan of £100K. This is a significant improvement and immediately reduces our annual repayments to the LTA over the 10 year payback period by £16K.

The construction period is projected to last 25 weeks and we will have the courts ready at the start of October in time for the 2010-11 winter season. The next consideration is how the club operates over the next 6 months while the construction is going on.  We will be working closely with the contractors to minimise any inconvenience to members and will aim to keep members well informed throughought the construction period.