On the 09 February 2021, the Cabinet Member for Transport & Environment and Cabinet Member for Finance & Resources;
i) Approved the Full Business Case (FBC) and contract award for Southside Public Realm Improvement Scheme at a total estimated capital cost of £9.528m subject to final Enterprise Zone (EZ) funding approvals per 2.2 below, as set out in Appendix A and as shown on the scheme plans in Appendix B, noting that this is in line with the preferred option approved by Cabinet on 17 March 2020 in the Outline Business Case (OBC) for the Southside Public Realm Improvement scheme.
ii) Authorised the acceptance of £8.033m EZ funding approved on 03 February 2021 by GBSLEP Programme Delivery Board, subject to GBSLEP Supervisory Board approval, as a contribution towards the delivery of the scheme, noting that this is addition to £0.692m already secured. Funding letters are attached in Appendix C.
iii) Authorised the acceptance of third-party funding contributions totalling £0.365m as a contribution towards the delivery of the scheme. Funding letters are in Appendix C.
iv) Approved the City Council, acting as the Accountable Body for the GBSLEP Enterprise Zone, prudentially borrowing up to £8.725m to contribute towards the total estimated cost of £9.528m for the Southside Public Realm Improvement Scheme.
v) Delegated authority to the Assistant Director, Transport and Connectivity to accept the EZ and third-party funding contributions detailed in 2.2 and 2.3 and to enter into any funding agreements as required.
vi) Approved the award of a contract to nmcn Plc for the works for the Southside Public Realm Improvement Scheme, following a procurement process and outcome as detailed in Appendix G.
vii) Authorised the Assistant Director, Transport and Connectivity to place orders with Statutory Undertakers to move apparatus.
viii) Authorised the City Solicitor (or their delegate) to complete all relevant documents necessary to give effect to the above recommended decisions.
THE DEADLINE FOR CALL-IN IS 1600 HOURS ON FRIDAY 12TH FEBRUARY 2021.