City of Wolverhampton College
[To approve the proposed package of financial support for the City of Wolverhampton College]
Decision:
1. That the proposed package of financial support outlined in the report and in the draft Heads of Terms be approved.
2. That authority be delegated to the Director of Finance to make on account payments to the College, if necessary while the application for SFA financial support is completed and processed.
3. That authority be delegated to the Leader of the Council in consultation with the Managing Director to finalise the Heads of Terms and approve the terms of any legal documents necessary to implement the financial support package detailed in this report.
4. That authority be delegated to the Director of Governance to execute any legal documents in respect of the above as required.
5. That it be noted a proposal was to be developed for a City Learning Quarter within the City Centre. A separate report would be brought to Cabinet when the proposal had been fully developed.
Minutes:
Councillor Roger Lawrence presented details of work being undertaken to support the City of Wolverhampton College and sought agreement on the proposed package of financial support.
Resolved:
1. That the proposed package of financial support outlined in the report and in the draft Heads of Terms be approved.
2. That authority be delegated to the Director of Finance to make on account payments to the College, if necessary while the application for SFA financial support was completed and processed.
3. That authority be delegated to the Leader of the Council in consultation with the Managing Director to finalise the Heads of Terms and approve the terms of any legal documents necessary to implement the financial support package detailed in this report.
4. That authority be delegated to the Director of Governance to execute any legal documents in respect of the above as required.
5. That it be noted a proposal was to be developed for a City Learning Quarter within the City Centre. A separate report would be brought to Cabinet when the proposal had been fully developed.