Decision details
FINAL GROWTH DEAL
Decision Maker: Cabinet
Decision status: Recommendations Approved
Decision:
Vote taken: 8 in favour, 0 against, 0 abstentions
RESOLVED that Cabinet –
(a) formally endorses and
recommends that the Council approves the Overarching Business Plan as the
document that sets out the arrangements to deliver the North Wales Growth Deal
as the basis for entering into the Final Deal Agreement and acceptance of the
Grant Funding Letter with the UK and Welsh Governments;
(b) formally endorses the
provisions in Governance Agreement 2 relating to executive functions,
recommends that Council approves the provisions relating to non-executive
functions, and that it specifically adopts the delegations and Terms of
Reference in “Governance Agreement 2: Appendix 1” thereof as the basis for
completing the Final Deal Agreement and acceptance of the Grant Funding Letter
with the UK and Welsh Governments;
(c) formally
endorses and recommends that the Council authorise
the accountable body, Gwynedd Council, to sign the
Grant Funding Offer letter on behalf of the Partners;
(d) formally endorses and
recommends that the Council recommend approval of the method used to calculate
the cost of borrowing notionally required to facilitate the negative cash flow
for the Growth Deal, and to include a provision within the Council’s budget to
pay this contribution and the established core and supplementary contributions
as set out in Governance Agreement 2 (and in paragraphs 5.5 – 5.7 of the
template report attached as part of Appendix 1);
(e) that the Chief Executive
in consultation with the Leader, Monitoring Officer and Section 151 Officer be
granted delegated authority to agree minor changes to the documents with the
Partners as necessary to complete the agreement, and
(f) that
Cabinet confirms that it has read, understood and taken account of the contents
of the Denbighshire County Council Well-being Impact Assessment attached as
Appendix 2 to the report as part of its consideration.
Publication date: 26/11/2020
Date of decision: 24/11/2020
Decided at meeting: 24/11/2020 - Cabinet
Accompanying Documents: