An investigation will take place into why the recently-restored weather vane on the top of the Moot Hall became unstable after the first high winds of winter blew through the town a week ago.
Last Friday morning, an area of the town centre was sealed off to the public amid concerns that the steel structure – around 6ft tall and estimated to weigh about 150kg, or 23 stones.
There were concerns it was wobbling and could plunge into the street below.
It comes just 11 months after £100,000 works to the building and the vane were unveiled last December.
Tony Lywood, chairman of the Battersby Hall Trust, which owns the building, told the Reminder this week that a meeting was due to take involving loss adjusters appointed by insurers which would examine what went wrong and what works are needed to put it right.
Now secured by scaffolding, the vane is stable and safe again, added Mr Lywood, who praised Rob Nelson, owner of Keswick Scaffolding, for his intervention.
“He courageously went up the tower in high winds and secured it and for that we owe him thanks,” said Mr Lywood.
Last Friday, police taped off the area and closed Market Place to the public, with reports on social media that the structure had been wobbling.
Crews from Cumbria Fire and Rescue Service also attended the scene.
