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On 29 October 2019, Cabinet:-
(i) Approved the Outline Business Case (OBC) at Appendix A to the report for the delivery of a package of works at a total estimated cost of £25.478m funded by £5.0m Transforming Cities Funding (TCF) (secured), £5.0m Commonwealth Games funding (subject to approval) and £15.478m Clean Air Zone net proceeds (in line with the recommendations of the charging order report approved by Cabinet on 25th June 2019);
(ii) Approved the release of development funding of £0.944m funded from TCF to complete the Full Business Case and progress design and development;
(iii) Approved acceptance of £5.0m TCF capital grant to contribute towards works at New Street/High Street/Victoria Square;
(iv) Authorised the Director Inclusive Growth in conjunction with the Chief Finance Officer to prepare and submit a bid for funding to the Commonwealth Games Capital Board, and subject to approval, agreed to delegate authority to the Director Inclusive Growth in conjunction with the Chief Finance Officer to accept funding in accordance with any associated conditions;
(v) In the event that the funding identified within the report is not approved or falls short of the required values/is not available within the required timeframe, approved use of corporate resources of up to £20.478m to enable progression of the programme and noted, in the event of additional funding being subsequently confirmed, this will be used to repay corporate funding;
(vi) Noted that the Full Business Case (FBC) will be presented to Cabinet in February 2020, which will include:
- The final scheme design and delivery plan; and
- Confirmation of the estimated capital and revenue project costs, funding sources and funding conditions.
(vii) Approved the Procurement Strategy set out in Appendix D to the report;
(viii) Agreed to delegate authority to the Assistant Director - Transport and Connectivity to award contracts and place orders using the Council’s Highways and Infrastructure Works Framework Agreement for design, subject to approval of the FBC and the cost being within the approved budget allocation;
(ix) Noted the breakdown of estimated costs of the project subject to procurement of the works;
(x) Authorised the Acting City Solicitor to negotiate, execute, and complete all necessary agreements and documentation to give effect to the above decisions.
THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 4 NOVEMBER 2019.
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