Purpose

To provide an update on the Regional Transport
Plan as developed through the Wales Corporate Joint Committee.

Content

(a)       That Cabinet agrees
to enter into a Partnering and Funding Agreement (Appendix 2)
whereby the role of Accountable body, responsibility for the
delivery of the North Wales Growth Deal and funding arrangements
for the Growth Deal are transferred to the North Wales Corporate
Joint Committee on or before the 31st March 2025;
 
(b)       That Cabinet agrees
to transfer and assign as required the delivery of the North Wales
Growth Deal and rights and obligations in all incoming funding
agreement held by Cyngor Gwynedd as Accountable Body on behalf o
the North Wales Economic Ambition Board (“NWEAB”)
transfer to the North Wales Corporate Joint Committee
(“NWCJC”);
 
(c)        That Cabinet
agrees to transfer or assign all interests in the portfolio of
projects funded by the North Wales Growth Deal together with any
ancillary agreements, charges and leases from Cyngor Gwynedd as
Accountable Body on behalf of NWEAB to the NWCJC;
 
(d)       That Cabinet agrees
to transfer and/or assign all financial balances, monies due and
assets as held on behalf of the North Wales Economic Ambition Board
by Cyngor Gwynedd to the NWCJC;
 
(e)       That Cabinet
delegates authority to the Chief Executive, in consultation with
the Monitoring Officer, Section 151 Officer and the Leader of the
Council, to agree and execute the final form agreements, deeds and
all other legal documents necessary to implement the transfers
referred to at resolution (a), (b) and (c) above;
 
(f)        That on
completion of the Partnering and Funding Agreement, Cabinet agrees
to the termination of the GA2 agreement and the winding up of the
North Wales Economic Ambition Board Joint Committee; and
 
(g)       That Cabinet agree
to the transfer of accountability to the CJC and that the CJC
accept responsibility for decision making for the implementation of
the North Wales Growth Deal subject to transfer of the Growth Deal
and approval of additional Standing Orders incorporating the key
terms of the Joint Working Agreement (“GA2”) between
the six Constituent Councils and four Education parties.