1. That the City Council work with the County Council and LLEP partners to establish a Local Transport Body (LTB), to allocate DfT capital funding to agreed local major transport schemes, based on the following broad principles:
(a)Name: Leicester and Leicestershire Transport Board.
(b) Membership: Three voting members consisting of one City Council (City Mayor and substitute), one County Council, one Leicester and Leicestershire Enterprise Partnership (LLEP) and one non-voting District Council representative.
(c) The LTB will initially only make decisions on local majors capital transport funding.
(d) Meetings of the LTB will be as and when but at least half yearly, and will be open to the public.
(e) Conflicts of interest, transparency and administration arrangements will follow City Council policies and practices.
2. Leicester City Council will act as the accountable body and provide support and administration.
3. That delegation be given to the Director of Planning Transportation and Economic Development in consultation with the City Mayor to negotiate and agree an appropriate detailed ‘Assurance Framework’ which shall take into account the above broad principles.