Resolved: In respect of the Leeds City Centre Package -
That following a recommendation from the Investment Committee, the Combined Authority approves:
(i) That the change request for Leeds City Centre Package (LCCP) to increase the funding contribution from the West Yorkshire plus Transport Fund from £36.5 million to £66.8 million is given indicative approval, that the LCCP package will now be delivered as four individual phases is approved and work continues on Activity 4 (full business case) for Phase 1 and on Activity 3 (outline business case) for Phases 2, 3 and 4.
(ii) That the revised total package delivery cost of £149.8 million is noted of which indicative funding from the Combined Authority is £79.6 million. This will be funded from the West Yorkshire plus Transport Fund’s original allocation (£36.5 million), over-programming against the West Yorkshire plus Transport Fund’s requested as part of this report (£30.3 million) and Leeds Public Transport Investment programme (£12.8 million).
(iii) That future approvals are made in accordance with the approval pathway and approval route outlined in the submitted report, including at decision point 5, which will be made through a delegation to Combined Authority’s Managing Director following a recommendation by the Combined Authority’s Programme Appraisal Team. This approval route will be subject to the scheme remaining within the tolerances outlined above.