Decision details

To approve the funding and delivery of a 60 acre extension of i54

Councillor John Reynolds presented the report that updated the Panel on the current position of i54 and the resulting outcomes and economic benefits. It also set out the current status of i54 Western Extension and the strategy for delivery of the next 60 acres through to realisation of outputs.

Resolved:

1.     That the continuation of the feasibility and design development of The Access Road, Services Infrastructure and Platform Preparation works associated with the City’s 60 acres on the i54 Western Extension within the existing budget approval of £2.5 Million be approved.

2.     That the progress made in delivering the i54 project to date, the social outputs realised to date and the Partners return on investment be noted.

3.     That the progress made on i54 Western Extension including the planning application process, key outputs and delivery programme be noted.

4.     That the status of the funding strategy, key delivery agreements and governance arrangements including, the Joint Venture Agreement and Business Rate Retention Agreement with Staffordshire County Council and South Staffordshire Council be noted.

5.    That the current position of discussions with Midland Land Portfolio Limited, Severn Trent’s property vehicle and title holder of the adjoining 40 acres be noted.

6.    That it be noted that a future report will be taken to Cabinet seeking approval to a revised Western Extension Budget.