Decision details

Further to Minute No. 127 of the meeting of the Cabinet Member - Technical Services held on 26 January 2011, the Cabinet considered the joint report and supplementary note of the Planning and Economic Development Director and Neighbourhoods and Investment Programmes Director which indicated that the REECH (Renewable Energy and Energy Efficiency in Community Housing) Project had now been approved by the North West Development Agency; and seeking, subject to the agreement of arrangements for the delivery of economic development activity, approval to accept the Offer Letter and to approve the revenue and capital financial implications of the Project.

RESOLVED:

That subject to the Council approving the arrangements for the future delivery of Economic Development referred to in Minute 182 (2) above:

(a)       the Offer Letter from the North West Development Agency in relation to the REECH Project be accepted when it is received and approval be given to a start date of 1 January 2011;

(b)       the Council be requested to give approval to the inclusion of the REECH Project in the Capital Programme as set out in Annex A of the report in the sum of £7,170,624 to be fully funded from European Regional Development Fund grant; and

(c)        the Revenue budget for the project as set out in Annex A of the report which requires that the Council provides revenue match funding from existing resources amounting to £413,862 over 3 calendar years, be approved.