Decision details

The Council is required to enter into a Supplemental Agreement in relation to the Wolverhampton Interchange Programme.

Cllr John Reynolds requested approval to enter into Supplemental Agreement with the delivery partner for the Wolverhampton Interchange programme. The Programme was strategically important to the Strategic Economic Plan for the City and the wider Black Country. It would deliver a multi-modal transport hub comprising a new train station, multi-storey car park (MSCP) extension and an extended tram connecting to the railway station through a new stop at the bus station. It would also deliver 30,000 sq.m of office, retail and leisure floor space, £80 million of private sector funding and 2,000 jobs.

Resolved:

1.     That the Council enter into a Supplemental Agreement with the delivery partners as detailed within the report and authority be delegated to the Cabinet Member for Governance in consultation with the Director of Governance for the execution of the Supplemental Agreement.

2.     That authority be delegated to the Cabinet Members for City Economy and Resources in consultation with the Strategic Director Place and Director of Finance to authorise the Council paying the overage sum once determined to the Crown Commission Estate upon receipt of a claim from Neptune.

3.     That the Council enter into collateral warranties in relation to the extension and refurbishment of the multi-storey cark park and railway station.

4.     That the Council enter into a Participation Deed with the Material Change consultees, and authority be delegated to the Director of Governance for the execution of the Participation Deed.