Decision

AGRED that
Cabinet:
 

a)     
note the report, including the updates associated
with the LUF 3 Programme;
 

Ollerton Project
 

b)     
approves a capital budget of £500,000,
financed initially by borrowing, to be replaced by the LUF 3 grant
when received, to enable essential project development works associated with the
Ollerton scheme, prior to the Council receiving a Memorandum of
Understanding, as detailed in section 1.6 of the report;
 
Clipstone
Project
 

c)     
approves a capital budget of £200,000,
financed by borrowing initially, to be replaced by LUF 3 grant when
received, to enable essential project development associated with
the Clipstone scheme (Phases 2 and 3), prior to the Council
receiving a Memorandum of Understanding, as detailed in section 1.9
of the report;
 
Memorandum of Understanding (MoU)
 

d)     
approves an amendment to the existing delegation to
the S151 Officer, Deputy Chief Executive
& Director of Resources and Director of Planning and Growth, to
include the acceptance of apartial (or full), LUF 3 grant of up to
£20m, via an MoU, as detailed in sections 1.12 and 1.13 of
the report; and
 

e)     
notes the existing and proposed financial
commitments immediately eligible for repayment by MHCLG, subject to
a finalised partial, or full MoU, as detailed in section 1.13 of
the report.