Resolved: In respect of Transforming access to Bradford Interchange from employment areas - Bradford Interchange Station Access -
That following a recommendation from the Investment Committee, the Combined Authority approves:
(i) That the Transforming Access to Bradford Interchange package proceeds through decision point 2 (strategic outline case) and work commences on activity 3 (outline business case).
(ii) That an indicative approval to the total Combined Authority funding of £13.2 million is given from the Transforming Cities Fund with full approval to spend once the package has progressed through the assurance process to decision point 5 (full business case with finalised costs).
(iii) Development costs of £350,000 have been approved for this project to date. A further £2.69 million from the Transforming Cities Fund be approved to progress to decision point 3 (outline business case).
(iv) That the Combined Authority enter into an amended funding agreement with Bradford Council for additional development costs of up to £2.69 million from the Transforming Cities Fund, taking the total amount approved to £3.04 million.
(v) That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report including at decision point 5 through a delegation to the Combined Authority’s Managing Director following a recommendation by the Combined Authority’s Programme Appraisal Team. This will be subject to the package remaining within the tolerances outlined in the report.