Purpose

To sign a Funding Agreement between Magna and the
Council to enable the delivery of the Town Deal
project.

Decision

 

RECORD OF OFFICER EXECUTIVE
DECISION

 

 

Date of
Decision:
 

29th June
2023

Decision
Maker:
(Including Job
Title)
 

Simon Moss Assistant Director,
Planning, Regeneration & Transport

Specific
Delegation:
(If
any)
 

Bidding for external funding and grant aid, special
financial packages for economic development/regeneration for both
revenue and capital schemes, and their subsequent
implementation.

Brief Description
of Decision: 

To
sign a Funding
Agreement between Magna and the Council to enable the delivery of
the Town Deal project.

Reasons for the
Decision:
 
 

 

The
project requires the use of Magna’s land, including buildings
which are currently occupied. The Council and Magna have negotiated
early surrender of a lease to facilitate vacation of the former
‘Cent’ Building at Sheffield Road. Additionally a fixed
sum will be passed to Magna to compensate for loss of revenue
income.

Details of
alternative options considered and rejected:
 

 

Officers’ recommendation is to sign the Grant Agreement at
Appendix 1 enabling the vacation of the building required for
demolition, redevelopment and delivery of the Town Deal
project.

 

Redesign of the project to retain the ‘Cent’
building was considered and rejected in the early feasibility
work.

Conflicts of
interest declared by any Executive Member consulted by the decision
maker which relates to the decision:

None

Dispensations
Granted:
(If
any)
 

 

Reports or parts
of reports considered

Town Deal – Grant
Agreement Magna & Rotherham Council
Exempt Appendix 1

 
I certify that
this is a true record of the executive decision in relation
to sign a Funding
Agreement between Magna and the Council to enable the delivery of
the Town Deal project
 
Signed by the
Decision
Maker                                    
Dated: 29th June, 2023
Name: Simon Moss
Job Title: Assistant Director, Planning, Regeneration
& Transport