Decision details

Review of change in law provision for Building Schools for the Future Phase 3c PFI

Decision Maker: Cabinet Member for Digital and Community Inclusion

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To review the change in law provision for Building Schools for the Future Phase 3c PFI and to consider the options for a risk transfer position going forward.

Decision:

1.      Approved the release of the change in law provision for the Private Finance Initiative (PFI) Project Agreement for St Matthias School and Heath Park School (PFI) in return for a receipt as detailed in the report.

2.      Approved the Council entering into a Deed of Variation to the PFI Project Agreement for St Matthias School and Heath Park School (PFI) to take back the change in law risk for the Council.

3.     Approved the Council entering into the ancillary documents necessary for the Deed of Variation to take effect.

Publication date: 25/04/2019

Date of decision: 17/04/2019

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