Resolution status:Carried
It was RESOLVED: -
1.1 That Cabinet reviewed and noted the initial business case attached as Appendix A (confidential) including high-level development appraisal with initial costing estimates, revenue income opportunities and viability requirements, indicative costs of borrowing and latest version of the scheme design layout including an indicative schedule of accommodation.
1.2 That Cabinet noted the work to date on the operational management strategy and the findings and conclusions of the Respublica report (attached as Annex F1 of Appendix A - confidential)
1.3 That Cabinet endorsed the option to further develop a business case for a combined skills and innovation centre.
1.4 That Cabinet noted the forward funding of revenue spend from within existing budgets to complete the next stage of business case development work. It should be noted that where forward-funded revenue spend can be later capitalised it will be.
Vote | Councillors | Count |
---|---|---|
For | David Burn, Julie Flatman, Lavinia Hadingham, Suzie Morley, Harry Richardson and John Whitehead | 6 |
Against | None | 0 |
Abstain | None | 0 |
Conflict Of Interests | None | 0 |