Modern.gov Breadcrumb
- Decision details
Modern.gov Content
Decision details
Bristol is Open: Update
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To provide an update on the next phase for the
Bristol Is Open and seek approval for delivery of the current
projects.
Decision:
Cabinet
- Approved the proposal that the Council completes the delivery of the OPCR (Open Programmable City Region) and Replicate projects;
- Authorised the Executive Director: Resources, in consultation with the Cabinet Member for Finance, Governance and Performance, to take all steps necessary for the transfer of relevant staff into the Council (subject to appropriate consultation by BRISTOLISOPEN LTD.)
- Noted that approximately £250k is expected to be drawn down from the previously approved £500k earmarked reserve in order to fund the write-off of monies previously advanced to BRISTOLISOPEN LTD or to fund low level running costs for BRISTOLISOPEN LTD as an inactive company.
- Noted that up to £359k revenue expenditure for new staff payroll costs, and contracts arising in the delivery of OPCR will be incurred. This will be funded first from the residual £250k remaining in the original £500k earmarked reserve once the Recommendation 3 has been met. Thereafter the balance (expected to be £109k) is to be absorbed within the existing Digital Transformation or the OPCR budgets.
- Noted that the Redeemable Preference Shares (book value £350,001 prior to the close of 19/20) will be fully impaired for the 19/20 statutory reporting purposes.
Report author: Penny Fell
Publication date: 02/06/2020
Date of decision: 02/06/2020
Decided at meeting: 02/06/2020 - Cabinet
Effective from: 12/06/2020
Accompanying Documents:
- 1. Decision pathway Report - Bristol Is Open Update 04 05 2020 vfinalamended 1.0
PDF 223 KB
- 2. 200602 Appendix A1 BIO Update Further information vfinal
PDF 104 KB
- 3. Appenidx A2. Open Programmable City Region (OPCR) Project - reference...
PDF 291 KB
- 4. Appendix G. BiO Financial Considerations vfinal
PDF 62 KB