Decision

AGREED      that Cabinet:
 

a)           
note the report;

 

b)            
in accordance with approval from Newark Towns Board
that the Council receives a further £990,000 (in addition to
the £790,000 supported by Cabinet on 14 May 2024) of the Town
Fund One grant towards Stodman Street Phase 1;

 

c)            
subject to b) above, to delegate to the Director
– Resources & Deputy Chief Executive in consultation with
the Director - Planning & Growth authorisation to submit a
Project Adjustment Form to Government seeking formal authorisation
to re-allocate the £1.78m of previously allocated Newark
Gateway/SiSCLog grant to the 32 Stodman
Street Phase One project; and

 

d)            
subject to
approval of b) & c) above, to increase the budget in the
Council’s Capital Programme to £12,880,000 financed by
the additional grant allocation.