Resolved: That following a recommendation from the Investment Committee, the Combined Authority approves:
(i) That the Wakefield City Centre Bus, Cycle and Walking
improvements package proceeds through decision point 2 and work commences on Activity 3 (outline business case).
(ii) That an indicative approval to the total package value of £13.6
million is given from the Transforming Cities Fund with full approval to spend being granted once the package has progressed through the assurance process to decision point 5.
(iii) That development costs of £0.119 million are approved to progress the scheme to decision point 3 (outline business case) bringing the total development costs approval to £0.525 million.
(iv) That the Combined Authority enters into an addendum to the existing funding agreement with Wakefield Council for expenditure of up to £0.525 million from the Transforming Cities Fund.
(v) That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report, which will be subject to the scheme remaining within the tolerances outlined in the report.