Issue - meetings

[To approve the utilisation of the existing borrowing provision to support the Interchange Programme.]

1.     That the utilisation of the existing borrowing provision to support the Interchange Programme be approved.

Councillor John Reynolds presented the Wolverhampton Interchange Programme report. He sought approval to utilise existing borrowing provision to support the Interchange Programme. He added the Interchange Programme was a vital strategic programme for Wolverhampton and the Black Country and featured in the Black Country Strategic Economic Plan.

Councillor John Reynolds proposed the recommendations and Councillor Andrew Johnson seconded the recommendations.

Resolved:

1.    That the utilisation of the existing borrowing provision to support the Interchange Programme be approved.

1.    That Council be recommended to approve the utilisation of the existing borrowing provision to support the Interchange Programme.

2.    That the submission of funding applications to the West Midlands Combined Authority and the Black Country LEP to support the Interchange Programme be approved

3.    That authority be delegated to the Cabinet Member for Resources and the Director of Finance to accept any grants awarded.

Councillor John Reynolds presented the Wolverhampton Interchange Programme report for recommendation to Council. The report provided an update on the Interchange Programme and sought approval for a revised funding strategy.

Resolved:

1.     That Council be recommended to approve the utilisation of the existing borrowing provision to support the Interchange Programme.

2.     That the submission of funding applications to the West Midlands Combined Authority and the Black Country LEP to support the Interchange Programme be approved.

3.     That authority be delegated to the Cabinet Member for Resources and the Director of Finance to accept any grants awarded.