GENERAL PROJECT CONSULTATION & PRECEPT INCREASE SURVEY
RYDE TOWN COUNCIL
PURCHASE OF VECTIS HALL, MELVILLE STREET, RYDE
At its meeting on 2nd November 2020 the Council agreed to the purchase of Vectis Hall for the sum of £125,000, this sum is planned to be met through a low cost 30 year fixed interest loan from the Public Works Loan Board (PWLB). The forecast increase in the annual precept arising from the proposed borrowing to fund the purchase is estimated to be £0.75p per annum or 1.5 pence per week for a typical Band D taxpayer.
The Town Council is striving to preserve historic buildings in the town and bring them back into community use. Vectis Hall was originally the first ‘Free School’ in Ryde being built in 1812 and is now registered as a Grade II listed building. The building has been neglected for many years and has fallen into a state of disrepair. The Town Council sees this investment opportunity as important to preserve the towns heritage and provide future community benefit in the centre of the town.
· Are you in favour of the Town Council going ahead with the proposed purchase. YES/NO?.
Please send your answer to the above question and your details above to the Parish Council by e mail or post by Monday 14th December, any responses after this deadline will be disregarded. All respondents should send their answer to firstname.lastname@example.org or 10 Lind Street, Ryde, Isle of Wight, PO33 2NQ.