Decision details

Cabinet (subject to approval from Council to make the necessary provision in the Capital Programme):

2.1   PROVIDED authority for the Borough Council to enter into a Staged 

        Payment Agreement with Leicestershire County Council, as summarised

        in this report;

2.2   DELEGATED authority to the Chief Executive, in consultation with the

        Leader, to make any final amendments to the agreement arising from any

        further negotiations with the County Council;

2.3   DELEGATED authority to the Chief Executive to enter into the agreement

        as soon as is practicably possible, to enable the County Council to enter

        into an agreement with Homes England to secure the Housing        

        Infrastructure Fund grant;

That Cabinet RECOMMENDED to Council:

2.4   To note and endorse the decision taken by Cabinet to enter into a Staged

        Payment Agreement with Leicestershire County Council (subject to

        Council approving the necessary provision is made in the Capital

        Programme);

2.5   To note that the agreement will fund a contribution by the Borough Council

        towards the costs incurred by the County Council in the provision of

        educational infrastructure arising from housing associated with the

        construction of the MMDR South;

2.6   To approve the financial implications arising from the agreement by making

        provision in the Capital Programme for a number of staged payments to

        the sum of £1.75m (initially funded by borrowing and subject to indexation

        as set out in the financial implications of the report).