Decision Maker: Chief Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The approved extension to the loan repayment
date for this scheme, which involves the remediation of a former
chemical works to unlock the delivery of a low carbon power
station, and wider commercial and residential development to the
east of Knottingley, Wakefield, will allow time for further
geotechnical testing to be carried out on the site once ground
conditions allow, thus enabling the signing off of the end of works
Validation Report which in turn would allow for completion of sale
of the site under the terms of the sale agreement, and for
Wakefield Council to discharge planning conditions.
To approve the Change Request for the
Knottingley East scheme to: extend the Growing Places Fund (GPF)
loan repayment date for from 15th February 2018 to 30th September
2018 or within 30 days of the sale of the land, whichever is
sooner, at an interest rate on the entire capital sum for the
period of the loan repayment of 4.54%.
To approve that WYCA instructs Leeds City Council to enter into an
addendum to the existing funding agreement with St Pauls
Developments Ltd to move the loan repayment deadline from 15th
February 2018 to 30th September 2018 or within 30 days of the sale
of the land, whichever is sooner.
Option 1 -
Option 2 -
Option 3 -
Publication date: 16/02/2018
Date of decision: 09/02/2018
Accompanying Documents: