Decision details

          The Board considered a report of the Executive Director, Environment and Regeneration, which provided an update on the Foundary Lane Residential scheme and sought approval:

·       For the acquisition of the land required for Phase 2.

·       To accept the additional funding from Liverpool City Region Combined Authority (LCRCA) and enter into a new/addendum Grant Funding Agreement (GFA) to support the acquisition and development.

          RESOLVED: That

1)    authority be given to the Director Economy Enterprise and Property, in consultation with the Portfolio Holder, to conclude the legal and funding arrangements for the acquisition of the Phase 2 required land;

2)    authority be given to the Director Economy Enterprise and Property, in consultation with the Portfolio Holder, to enter a new Grant Funding Agreement with LCRCA; and

3)    the inclusion of the aforementioned items in the Capital Programme be approved.