Northgate House
Additional documents:
Decision:
Resolved: In respect of Northgate House, Halifax -
That following a recommendation from the Investment Committee, the Combined Authority approves:
(i) That the Northgate House project proceeds through decision point 2 and work commences on activity 4 (full business case).
(ii) That an indicative approval from the Combined Authority of £3 million from the Local Growth Fund (previously a £1.3 million loan) is given with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (full business case with finalised costs). The total project value is £11.87 million.
(Note - £300,000 of this £3 million has already been paid to Calderdale Council as a loan).
(iii) That approval be given to amend the terms of the funding agreement from an interest free loan to grant funding.
(iv) That future approvals are made in accordance with the approval pathway and approval route outlined in the submitted report which includes a Combined Authority approval at decision point 4 and at decision point 5 through a delegation to Combined Authority’s Managing Director following a recommendation by Combined Authority's Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in the submitted report.
Minutes:
Resolved: In respect of Northgate House, Halifax -
That following a recommendation from the Investment Committee, the Combined Authority approves:
(i) That the Northgate House project proceeds through decision point 2 and work commences on activity 4 (full business case).
(ii) That an indicative approval from the Combined Authority of £3 million from the Local Growth Fund (previously a £1.3 million loan) is given with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (full business case with finalised costs). The total project value is £11.87 million.
(Note - £300,000 of this £3 million has already been paid to Calderdale Council as a loan).
(iii) That approval be given to amend the terms of the funding agreement from an interest free loan to grant funding.
(iv) That future approvals are made in accordance with the approval pathway and approval route outlined in the submitted report which includes a Combined Authority approval at decision point 4 and at decision point 5 through a delegation to Combined Authority’s Managing Director following a recommendation by Combined Authority's Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in the submitted report.