Decision details

1.      Approval of the allocation of £5.0m of Tier 1 capital funding through Prudential Borrowing for the installation of the City Centre Heat Network Phase 1 (previously £6m of Tier 2 approved).

2.      Delegated authority to the Service Director, Energy, to negotiate and sign Heads of Terms agreements and subsequent commercial contracts with the University of Bristol (UoB) and University Hospitals Bristol NHS Foundation Trust (UHBFT) in relation to the City Centre Heat Network Phase 1.

3.      Within a Prudential Borrowing spend envelope of £5.0m and subject to a satisfactory financial business case being maintained, delegated authority to the Service Director, Energy, in conjunction with the Service Director, Finance, to authorise the activities required to implement the City Centre Heat Network Phase 1 and extensions.

4.        Delegated authority to the Service Director, Finance to approve the necessary borrowing for the project under Tier 1 of the Corporate Capital Programme subject to Recommendation 3.