Issue - meetings

This report sets out the history of the Otterpool Park project and its rationale, the work done to date, the financial implications and returns, the challenges in delivering the project and makes the case for additional capital funding to enable to project to progress.

The report set out the history of the Otterpool Park project and its rationale, the work done to date, the financial implications and returns, the challenges in delivering the project and makes the case for additional capital funding to enable the project to progress.

Proposed by Councillor Monk,

Seconded by Councillor Peall; and

RESOLVED:

1.        That report C/19/23 be received and noted.

2.        That Cabinet recommends to Council that it makes available an additional one hundred million pounds to be drawn down over a period of up to five years to enable the Otterpool Park project to proceed;

3.        That decisions on spending the monies (if approved by council) be made by the decision maker, after having consulted the Otterpool Park Working Group, with decisions on expenditure in excess of £100,000 being subject to the approval of the majority of the Working Group members; and

4.        That the submission of the Garden Communities capacity fund bid to government be approved for 2019/20.

(Voting figures: 6 for, 0 against, 0 abstentions).

Councillor Mrs Hollingsbee left the chamber prior to the consideration of this item.

REASONS FOR DECISION:

The Otterpool Park project has reached the stage where the Council must commit to additional funding in order that it can proceed.