Decision Maker: Cabinet (Resources) Panel
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To approve to proceed with a Letter of Intent and associated cashflow for the main station works and to subsequently award the main station contract.
Councillor John Reynolds presented the report which sought approval to commit to the contract sum required to award the station contract once the Council had secured receipt of external project funding.
Resolved:
1. That financial expenditure associated with both awards of the station contract and limits/caps agreed in the Letter of Intent (LOI) with Galliford Try be authorised.
2. That expenditure in respect of preliminary works for the construction of the City of Wolverhampton Railway Station be authorised.
3. That authority be delegated to the Cabinet Member for City Economy and the Strategic Director (Place) to enter into a supplemental agreement and ancillary agreements with Ion Developments for the main station works and commit to the sums referred to in the building contract with Galliford Try and the Director of Governance be authorised to execute the legal agreements.
4. That authority be delegated to the Cabinet Member for City Economy and the Strategic Director (Place) to enter-into collateral warranties relating to the station.
5. That a ‘contribution agreement’ and such other funding agreements that may be required to allow the draw-down of allocated funding from the West Midlands Combined Authority (WMCA) to assist with the funding of the new Station building be agreed and signed.
6. That the Director of Governance be authorised to enter into the legal agreements referred to in the recommendations.
Report author: Paul Lakin
Publication date: 15/11/2017
Date of decision: 14/11/2017
Decided at meeting: 14/11/2017 - Cabinet (Resources) Panel
Effective from: 22/11/2017