Issue - decisions

That Cabinet:

Grant Funding Agreement:

1.      Authorised the Executive Director Growth and Regeneration in consultation with the Deputy Mayor and Cabinet member for Finance, Governance, Property and Culture, Director of Finance and Director Legal and Democratic Services to take all necessary steps to negotiate the terms of and thereafter enter into both the initial Flow Down Agreement with WECA (including the Reinvestment Strategy) and a Collaboration Agreement with WECA, HE and NR.

2.      Authorised the Executive Director of Growth and Regeneration to (a) agree the terms of offer letters with WECA and thereafter draw down funding to prepare Delivery Plans for the relevant Infrastructure Items for which the Council is to be responsible (including procuring and awarding contracts in relation to all necessary services, including any in excess of £0.5m) and (b) submit these Delivery Plans to WECA. Noting that in the event that WECA are minded to approve the Delivery Plan, further approval will be sought from Cabinet prior to entering into the relevant offer letter and/or modified flow down agreement.

3.      Authorised the Executive Director of Growth and Regeneration to submit an application to WECA for funding of up to £7.843m to increase capacity in the Joint Delivery Team, and to the extent that the application is successful to then accept and drawdown and spend this funding accordingly including procuring and awarding contracts over £0.5m.

4.      Authorised the Executive Director Growth and Regeneration in consultation with Deputy Mayor and Cabinet member for Finance, Governance, Property and Culture, Director of Finance and Director Legal and Democratic Services to take all steps required to negotiate and agree with Network Rail, Homes England and WECA (a) the establishment of a joint venture arrangement (comprising a corporate body) (as summarised in the report) and (b) the appointment of a joint delivery partner, noting that further Cabinet approval will be sought to any transfer of BCC functions or responsibilities to the JV body.

Temple Island Enabling Works:

1.      Authorised the Executive Director of Growth and Regeneration, in consultation with the Mayor, S151 officer and Director Legal and Democratic Services to continue spend of the grant secured from WECA of up to £32m and procure and award all contracts within the funding envelope (for the avoidance of doubt, including contracts with a value of over £0.5m) required to undertake and complete the Temple Island Enabling Works.

2.      Noted that the high-level anticipated cost plan (figure 2) includes a risk and contingency budget item that will be held by the project to spend on unknowns.

3.      Noted that the breakdown/allocation of the figures presented in the high-level anticipated cost plan (figure 2) are subject to change and may be amended by the Executive Director of Growth and Regeneration in consultation with Deputy Mayor and Cabinet member for Finance, Governance, Property and Culture and Finance officers within the overall funding envelope outlined in this report. Any changes to the cost plan will be subject to acceptance of a Change Request by the Joint Committee as per the funding terms.