1. Recommendation to Full Council to repurpose £1.9m PCC contribution to university enabling infrastructure in MTFS
2. Enter the CPCA Getting Building Fund Grant agreement to provide a new surface car park supporting regional pool customer parking;
3. In the event of LUF bid success, transfer LUF grant funding to PropCo1 and delegate authority to the Strategic Director for Place and Economy and the Corporate Director Resources and SC to complete the transfer on the receipt of funds
4. In the event of LUF bid success, revise PCC's PropCo share allocation position up to reflect the Phase 3 LUF funding allocation
5. In the event of LUF bid success, nominate the Corporate Director Resources as an additional PCC director to the PropCo Board with amended PCC voting rights
6. In the event of LUF bid success, confirm PCC land transfer area for Phase 3 with accompanying independent valuation
Decision type: Key
Reason Key: Expenditure or savings greater than £500,000;
Decision status: Recommendations Approved
Wards affected: Central;
Notice of proposed decision first published: 30/07/2021
Decision due: 15 Nov 2021 by Cabinet
Lead director: Executive Director Place and Economy
Department: Place and Economy
Contact: Emma Gee, Assistant Director, Growth & Regeneration, Tel: 07983 345184, Email: emma.gee@peterborough.gov.uk.
Consultation process
CPCA and ARU have been consulted as university programme partners, otherwise internal stakeholders only
Relevant Scrutiny Committee: Children and Education Scrutiny Committee