Decision:
RESOLVED that Cabinet:-
1. Notes the actions taken to launch Project L and the process undertaken to assess the subsequent applications for CIF grant received from businesses; and
2. Approves ‘in principle’ the release of CIF grant to those grant applicants successful in meeting the schemes robust assessment criteria and due diligence requirements, with final release of the grant being subject to the satisfactory conclusion of scheme clarifications, due diligence and contract negotiations; and
3. Delegates authority to the Executive Director of Core Services in consultation with the Council’s Section 151 officer and Legal services to finalise the grant offer and contract terms to each applicant – noting that any variation in the grant offer to either applicant would i) need to sit within the limits of delegated powers and ii) within the overall Towns Fund budget allocation for ‘Project L: CIF’; and
4. Approve the virement of Town Fund budget allocations from the ‘Project L: CIF’ budget to support the delivery of the ‘Project K: New Access Roundabout’ and ‘in principle’ agreement to ‘Project D: Goldthorpe Housing’ projects, noting that acceptance of this action will still leave sufficient balances within the Project L budget to fully support scheme delivery and meet contracted outputs.
Minutes:
RESOLVED that Cabinet:-
1. Notes the actions taken to launch Project L and the process undertaken to assess the subsequent applications for CIF grant received from businesses; and
2. Approves ‘in principle’ the release of CIF grant to those grant applicants successful in meeting the schemes robust assessment criteria and due diligence requirements, with final release of the grant being subject to the satisfactory conclusion of scheme clarifications, due diligence and contract negotiations; and
3. Delegates authority to the Executive Director of Core Services in consultation with the Council’s Section 151 officer and Legal services to finalise the grant offer and contract terms to each applicant – noting that any variation in the grant offer to either applicant would i) need to sit within the limits of delegated powers and ii) within the overall Towns Fund budget allocation for ‘Project L: CIF’; and
4. Approve the virement of Town Fund budget allocations from the ‘Project L: CIF’ budget to support the delivery of the ‘Project K: New Access Roundabout’ and ‘in principle’ agreement to ‘Project D: Goldthorpe Housing’ projects, noting that acceptance of this action will still leave sufficient balances within the Project L budget to fully support scheme delivery and meet contracted outputs.