Decision details

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 -