Decision details
Enter into a Transforming Cities Fund Grant Agreement with the West Midlands Combined Authority in Relation to Highway Works Development at Birchley Island M5 Junction 2
Decision Maker: Leader of the Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
(1) That the Interim Director for Regeneration
and Growth accept the
£1,000,000 Transforming Cities Fund (TCF) Grant for the
Birchley Island M5 Junction 2 Scheme under the Terms and Conditions
contained in the Grant Agreement.
(2) That the Director/Monitoring Officer in consultation with the
Section 151 officer accept the TCF £1,000,000 Transformig
Cities Fund (TCF) Grant for the Birchley Island M5 Junction 2
Scheme under the Terms and Conditions contained in the Grant
Agreement.
Reasons for the decision:
Approval required as a matter of urgency to
ensure that the TCF Grant funding can be drawn down this financial
year to maintain the funding profile needed to deliver the scheme.
The Chair of Economy, Skills, Transport and Environment Scrutiny
Board has been consulted.
Alternative options considered:
The Birchley Island M5 Junction 2 Scheme will
be under funded if the TCF Grant is not accepted. An alternative
would be to make up the shortfall with an additional £1m
Capital contribution from the Council.
Publication date: 22/03/2022
Date of decision: 22/03/2022
Effective from: 29/03/2022