Decision Maker: Cabinet, Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
1. NOTED the successful outcome from the Levelling Up Fund
2. NOTED that in line with prior approvals and the bid
submission, that, subject to Rutland County Council (RCC) approval, RCC will be
the ‘Lead Authority’ and accountable body for the funding and endorse their
acceptance of the required grant agreements with DHLUC.
3. Subject to council approval of recommendation 4:
3.1. APPROVED entry into the necessary and relevant legal
agreements with Rutland County Council to enable Melton Borough Council to
access its share of the Levelling Up Fund.
3.2. APPROVED entry into an agreement with SMB Group to enable
delivery of the theatre project as set out within the bid.
3.3. DELEGATED authority to the Director for Corporate Services,
in consultation with Portfolio Holder for Growth and Prosperity, to develop,
finalise and sign any associated legal documentation in relation to the
agreements set out in 2.3.1 and 2.3.2
3.4. DELEGATED authority to the Chief Executive, in consultation
with the Leader of the Council, to agree any necessary amendments with DLUHC to
enable the funding to be secured for Melton’s projects, should Rutland County
Council be unable to fulfil the accountable body role.
3.5. NOTED that regular updates on progress on the LUF
programme will be provided to the LUF Executive Board
4. RECOMMENDED to Council:
4.1. The acceptance of Melton’s proportion of the LUF
funding and approval to enter the capital scheme for the Stockyard project
totalling £11.1m to the capital programme for 2023/24 to enable its delivery.
4.2. The Approval to provide match funding of £1m through
capital receipts, and if not possible, fund through borrowing.
4.3. That authority be delegated to the Director for
Corporate Services to update the capital programme with the spend profile
across the relevant financial years for the Stockyard project once the detailed
budget plan has been prepared.
Report author: Lee Byrne
Publication date: 10/03/2023
Date of decision: 08/03/2023
Decided at meeting: 08/03/2023 - Cabinet