Issue - meetings

[To ensure that the West Midlands Combined Authority is able to enter into the necessary agreements with government to amend existing statute, enabling WMCA to borrow for all of the functions attributable to it and also endorse the proposed changes to the Key Route Network]

1.       That authority be delegated to the Leader of the Council in consultation with the Managing Director to implement the following recommendations at an appropriate time by way of written notification to the WMCA:

Councillor Peter Bilson presented the report on proposals to ensure that the West Midlands Combined Authority (WMCA) is able to enter into the necessary agreements with Government to amend existing statute, enabling WMCA to borrow for all of the functions attributable to it and also endorse the proposed changes to the Key Route Network. The proposal would also ensure that the City Council retained oversight of the final amended orders produced from the Government.

Resolved:

That authority be delegated to the Leader of the Council in consultation with the Managing Director to implement the following recommendations at an appropriate time by way of written notification to the WMCA:

1.       Delegate authority to the WMCA to approve the amendment to statutory regulations which amend the WMCA borrowing powers as set out in the report, subject to:

i     The additional borrowing powers sought being fully aligned to the WMCA’s statutory functions as detailed within the West Midlands Combined Authority (Functions and Amendment) Order 2017.

Ii    Equivalent authority / approval allowing the WMCA to enter into the delegation, being received by the other Constituent Local Authorities.

2.     That the WMCA borrowing cap suggested by HM Treasury as outlined within this report be approved.

3.     That authority be delegated to the Leader of the Council, in consultation with the Managing Director to approve the amendment to the Key Route Network as detailed within the report.