Decision details

RESOLVED: 

1.    That the prioritisation of projects to be taken forward using the Town Deal funding as set out in section 4.7 of the report be approved.

2.    That delegated authority be granted to the Chief Executive in consultation with the Deputy Leader and Portfolio holder for Regeneration & Development to complete the submission of project confirmations in the Council’s capacity as the Accountable Body to MHCLG by 31^st August 2021.

3.    That the Local Assurance Framework (appendix 2 of the report) be approved for the development and signing off on project business cases with the addition of the involvement of the Portfolio Holder and the Chair and Vice-Chair of the Town Board.

4.    That delegated authority be granted to the Assistant Director for Resources and Section 151 Officer in consultation with the Chief Executive, Deputy Leader and Portfolio holder for Regeneration & Development to approve Town Deal business cases in the Council’s capacity as the Accountable Body, to be developed and submitted to government by 30 June 2022.

5.    That the next steps relating to the planning, legal, funding, financial and stakeholder engagement arrangements, including acquisitions required for each project to be progressed during the business case development stage as set out in section 5 of the report be approved.

6.    That the match funding contributions to the Towns Fund projects from funding already agreed in the approved Council’s capital programme as set out in section 9of the report be approved.

7.    That delegated authority be granted to Chief Executive & Section 151 Officer in consultation with the Town Deal Board, Deputy Leader and the Portfolio holder for Finance to authorise the expenditure of the 5% Towns Fund advance in line with the agreed Towns Fund priorities.

8.    That delegated authority be granted to the Monitoring Officer and Section 151 Officer to agree and complete Funding Agreements with partners that will deliver Town Deal projects on behalf of the Council, as the Accountable body for the Towns Fund programme.

9.    That delegated authority be granted to the Chief Executive in consultation with the Deputy Leader and Portfolio holder for Regeneration & Development to determine the resource requirements and funding of these, including recruitment of additional posts where required to manage and deliver the Towns Fund programme as set out in section 10 of the report.

10. That the Council’s appointees to the Town Deal Board be instructed to advance the Council’s position as authorised in paragraphs 1-9 above.

RECOMMENDED:    

11.  That the amendment of the capital programme to incorporate £750,000 match funding towards the Guildhall project be approved.

Reason for Decision

To allow the Council to deliver a Town Deal to deliver the investment priorities in the Town Investment Plan for King’s Lynn, contribute to the Recovery Plan in response to the Coronavirus pandemic and the long term economic prosperity of the town