Resolved:
That in respect of the EZ
Langthwaite Extension Phase 1, the Combined Authority approves
that, subject to the conditions set by PAT stated in the submitted
report:
i)
The Enterprise Zone Langthwaite Business Park
Extension Phase 1 scheme proceeds through decision point 4 (full
business case) and work commences on activity 5
(delivery).
ii)
Approval is given to the Combined Authority’s
contribution of £2,217,000 of which £417,000 is from
the Local Growth Fund and £1,800,000 is from the Getting
Building Fund.
iii)
The Combined Authority enters
into an addendum to the existing Funding Agreement with Wakefield
Council for expenditure up to £1,246,000 from the Getting
Building Fund.
iv) Future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report. This will be subject to the scheme remaining within the tolerances outlined.