Decision details

Moved by Councillor Miller – seconded by Councillor Frost, and:

RESOLVED that:

(i)            Council note the robust option appraisal work that has been carried out on Phase 2 of the Better Barnsley scheme;

(ii)          Council approve the proposal to fund the development of Phase 2 with a total estimated cost of £70.1M, with the exact funding method to be agreed prior to awarding the main works contract at which time more concrete cost and income projections will be available;

(iii)         Council approve a procurement exercise for a main works contractor for Phase 2 of the Better Barnsley Scheme with contractor appointment being subject to a further report.

(iv)         Council approve a procurement exercise for further development management services for Phase 2 of the Better Barnsley scheme with contractor appointment being subject to a further report.

(v)          Council approve the procurement of additional design services for Phase 2 of the Better Barnsley scheme with contractor appointment being subject to a further report.

(vi)         Council approve the use of £0.2M of the £14M earmarked for the Better Barnsley Phase 2 Development to fund the cost of the procurement exercises highlighted above together with earmarking an additional £4.2M to fund the estimated early year’s annual operating costs prior to development becoming fully operational.  The remaining £9.6M to be held as a contingency to ensure as far as is possible that no revenue budgetary impact arises as a result of progressing the scheme;

(vii)        The Council’s Treasury Management Strategy and Prudential Indicators be updated to reflect the investment required within the Better Barnsley Phase 2 Scheme;

(viii)      A variation to the Council’s Minimum Reserve Provision statement be approved in respect of the Better Barnsley Phase 2 scheme to allow debt for that scheme to be repaid over a 25 year repayment period.