Getting Building Fund: Temple Green Park & Ride Phase 3
Decision:
(i) In respect of the Temple Green Park & Ride Extension the Investment Committee approved that:
(a) The Temple Green Park & Ride Extension scheme proceeds through decision point 5 (full business case with finalised costs) and work commences on activity 6 (delivery).
(b) Approval to the Combined Authority’s contribution of £7.400 million is given from the Getting Building Fund (GBF). The total scheme cost is £7.83 million.
(c) The existing LPTIP funding agreement for the Temple Green Park & Ride Extension scheme to be voided and the Combined Authority enters into a funding agreement with Leeds City Council for expenditure up to £7.400 million from the Getting Building Fund (GBF), including development costs of £2.261 million previously approved from LPTIP funds.
(d) Future approvals are made in accordance with the assurance pathway and approval route outlined in this report. This will be subject to the scheme remaining within the tolerances outlined in this report.
Minutes:
(i) In respect of the Temple Green Park & Ride Extension the Investment Committee approved that:
(a) The Temple Green Park & Ride Extension scheme proceeds through decision point 5 (full business case with finalised costs) and work commences on activity 6 (delivery).
(b) Approval to the Combined Authority’s contribution of £7.400 million is given from the Getting Building Fund (GBF). The total scheme cost is £7.83 million.
(c) The existing LPTIP funding agreement for the Temple Green Park & Ride Extension scheme to be voided and the Combined Authority enters into a funding agreement with Leeds City Council for expenditure up to £7.400 million from the Getting Building Fund (GBF), including development costs of £2.261 million previously approved from LPTIP funds.
(d) Future approvals are made in accordance with the assurance pathway and approval route outlined in this report. This will be subject to the scheme remaining within the tolerances outlined in this report.