Decision details

That Council receives and adopts the recommendations of Cabinet as follows:

(a)       That the Overarching Business Plan be approved  as the document that sets out the arrangements to deliver the North Wales Growth Deal as the basis for entering into the Final Deal Agreement and acceptance of the Grant Funding Letter with the UK and Welsh Governments;

(b)       That Council notes  the Cabinet approval of  the provisions in Governance Agreement 2 relating to executive functions, and l approves the provisions relating to non-executive functions, and that Cabinet specifically adopts the delegations and Terms of Reference in “Governance Agreement 2: Appendix 1” thereof as the basis for completing the Final Deal Agreement and acceptance of the Grant Funding Letter with the UK and Welsh Governments;

(c)        That  Council authorises the accountable body, Gwynedd Council, to sign the Grant Funding Offer letter on behalf of the Partners;

(d)       That Council accepts  the Cabinet’s  formal endorsements and d recommendations, and  approves the method used to calculate the cost of borrowing notionally required to facilitate the negative cash flow for the Growth Deal, and to include a provision within the  budget to pay this contribution and the established core and supplementary contributions as set out in GA2 ; and

(e)       That the Chief Executive in consultation with the Leader, Monitoring Officer, and Section 151 Officer, be granted delegated authority to agree minor changes to the documents with the Partners as necessary to complete the agreement.