Decision details
Implementation of the Gravity Enterprise Zone via Gravity Locality Investment Plan
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
Following consideration of the officer report, appendices and discussion, the Executive:???
a. Approved the detailed financial governance arrangements set out in the report.
b. Noted the Gravity Locality Investment Plan as set out in Appendix A of the report and agreed associated investment priorities for the plan as outlined in para 16.6 of this report.
c. Recommended to Full Council that the Gravity Scheme is added to the capital programme and that the Council’s Treasury Management Strategy is updated for this as outlined in Appendix B of the report, including adopting the Prudential Treasury Indicators included in table 3 of that Appendix.
d. Delegated authority to the section 151 officer to make final decisions about the Council undertaking borrowing, including the quantum and timing, to deliver investment in line with the Gravity Locality Investment Plan and within the limits set out in the Council’s Treasury Management Strategy, following consultation with the Leader and Executive Lead Member for Resources and Performance.
ALTERNATIVE OPTIONS CONSIDERED: As set out in the officer report
REASON FOR DECISION: As set out in the officer report
Publication date: 05/06/2024
Date of decision: 05/06/2024
Decided at meeting: 05/06/2024 - Executive
Effective from: 13/06/2024
Accompanying Documents: