Resolved: That following a recommendation from the Investment Committee, the Combined Authority approves:
(i) That the A58 Corridor scheme proceeds through decision point 3 (outline business case) and work commences on activity 4 (full business case).
(ii) That an indicative approval to the total project value of £9.530 millionis granted from the West Yorkshire plus Transport Fund, 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).
(iii) That development costs of £1.259 million from the West Yorkshire plus Transport Fund are approved to cover costs to date to progress the scheme to outline business case and in order to progress the scheme to decision point 4 (full business case with finalised costs) and 5 (full business case with finalised costs).
(iv) That the Combined Authority enters into a funding agreement with Leeds City Council for up to £1.259 million from the West Yorkshire plus Transport Fund.
(v) That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report subject to the scheme remaining within the tolerances outlined in the report.