Issue - decisions

MANAGEMENT OF FUNDS AS ACCOUNTABLE BODY TO THE LEICESTER AND LEICESTERSHIRE ENTERPRISE PARTNERSHIP

13/02/2017 - MANAGEMENT OF FUNDS AS ACCOUNTABLE BODY TO THE LEICESTER AND LEICESTERSHIRE ENTERPRISE PARTNERSHIP

a)         That the City Council acts as lead accountable body for the Midland Mainline Market Harborough Improvement Scheme, subject to legally binding funding guarantees from the statutory accountable bodies to the two other participating Local Enterprise Partnerships.

 

b)         That, subject to the agreement and entering into of the relevant legal agreements, the City Council agrees to underwrite the £3m of Local Growth Fund that the LLEP expects to receive for its own contribution, in the event that agreements with Network Rail have been entered into and the Government does not continue to pay the Local Growth Fund as expected.

 

c)         That the scheme be added to the capital programme, in the sum of £13m.

 

d)         That the City Barrister and Head of Standards be authorised to enter into the necessary legal agreements.