Content

(1)     that approval is given to adopt
the 10-year Master Plan and to:
 
a.      authorise the Cabinet
Member for Housing and Built Environment and the Assistant Director
for Borough Economy (Green Spaces, Visitor Services,
Events)/Executive Director Place to proceed on a phased basis for
the spend of capital;
 
b.      approve the capital
borrowing requirement for £7.856m to be released in the three
phases set out in this plan.
 
(2)     that subject to a satisfactory
strategic finance appraisal being undertaken, approval is given to
three phases of delegated authority for release of the capital
funds as follows:
 
a.   
Phase One: April 2024 – March 2025 – Investment into
infrastructure, Sandwell Valley Visitor Centre, King George V
Pavilion, Land Train, entrance and shop expansion at Forge Mill
Farm, and the development of a nature conservation and heritage
plan. Total capital investment for this phase:
£3,332,033.00;
 
b.      Phase Two: April 2025
– March 2026 – Investment into Swan Pool Water sports
Centre and Café. Total capital investment for this phase:
£2,774,024
 
c.      Phase Three: April 2026
– March 2027 – Investment into Forge Mill Farm Food
Education Barn. Total capital investment for this phase:
£1,750,000