Beech Hill, Halifax
Decision:
(i) In respect of Beech Hill, Halifax the Investment Committee approved that:
(a) The Beech Hill Phase 1b scheme proceeds through decision point 5 (full business case plus finalised costs) and work commences on activity 6 (delivery)
(b) Approval to the Combined Authority’s contribution of £797,000 funded from the Local Growth Fund is given. Total Project Costs for Phase 1a and 1b are £21.742 million; £1.4 million from previous the Local Growth Fund approval, £14.418 million from THA, £4.725 million Homes England and £402,000 CMBC.
(c) That the Combined Authority issue an addendum to the existing Funding Agreement with Calderdale Metropolitan Borough Council for expenditure of up to £2.197 million from the Growth Deal (£1.4 million Phase 1a, £0.797 million Phase 1b).
(d) Future approvals are made in accordance with the assurance pathway and approval route outlined in this report following a recommendation by the Combined Authority’s Portfolio Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in this report.
Minutes:
(i) In respect of Beech Hill, Halifax the Investment Committee approved that:
(a) The Beech Hill Phase 1b scheme proceeds through decision point 5 (full business case plus finalised costs) and work commences on activity 6 (delivery)
(b) Approval to the Combined Authority’s contribution of £797,000 funded from the Local Growth Fund is given. Total Project Costs for Phase 1a and 1b are £21.742 million; £1.4 million from previous the Local Growth Fund approval, £14.418 million from THA, £4.725 million Homes England and £402,000 CMBC.
(c) That the Combined Authority issue an addendum to the existing Funding Agreement with Calderdale Metropolitan Borough Council for expenditure of up to £2.197 million from the Growth Deal (£1.4 million Phase 1a, £0.797 million Phase 1b).
(d) Future approvals are made in accordance with the assurance pathway and approval route outlined in this report following a recommendation by the Combined Authority’s Portfolio Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in this report.