Issue - meetings

Report of Project Manager, Eco Bicester

Summary

To advise Members of the outcome of the Council’s Eco Town Funding Bid. To agree the mechanism for determining, and authorisation for, the spend of the funding received.

Recommendations

The Executive is recommended to:

(1)               Note the outcome of the funding bid and approve the Governance and decision making arrangements (Eco Bicester Strategic Delivery Board) shown in place to manage allocation and use of the monies received.

(2)               Delegate to the Chief Executive in consultation with the Leader of the Council, decisions on spend of the funding, (within the framework of priorities and a budget plan set by the Eco Bicester Strategic Delivery Board).

Recommendations Approved

The Project Manager, Eco Bicester submitted a report to advise Members of the outcome of the Council’s Eco Town Funding Bid and to agree the mechanism for determining, and authorisation for, the spend of the funding received.

Resolved

(1)               That the outcome of the funding bid be noted and the Governance and decision making arrangements (Eco Bicester Strategic Delivery Board) shown in place to manage allocation and use of the monies received be approved.

(2)               That the Chief Executive in consultation with the Leader of the Council, be delegated to make decisions on spend of the funding, (within the framework of priorities and a budget plan set by the Eco Bicester Strategic Delivery Board).

Reasons

Following the announcement by the Government of £60 million ring fenced allocation for eco towns in July 2009 the Council submitted a bid for growth funding from this allocation. The Bid was reported to the Executive on the 2 November 2009.  The purpose of this funding is to pump prime and support private sector development.

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