Issue - decisions

Cabinet

1. Noted this is a legitimate claim under the terms of the PFI agreement approved by cabinet in 2008;
2. Agreed to provide the required financial assistance and contractual relief in accordance with the Qualifying Change in Law mechanism and the satisfactory outcome of commercial negotiations, subject to assessment and approval of the claimed costs by the Chief Finance Officer;
3. Noted and approves the financial adjustments made from March - June 2020 of approximately £237,643.03.
4. Authorised the Executive Director People in consultation with the Executive Member for Finance and the Chief Finance Officer to negotiate and approve the relevant financial adjustments required in accordance with the PFI contract and the necessary variations (‘Change’) to achieve this.
5. Noted that the situation will be kept under careful review and further reports will be brought to Cabinet if needed.