Decision details

That Cabinet:

1.1 Underwrite, at risk, an additional £2,150,000 to the 2020/21 revenue

budget to cover the period of April 2020 to September 2020;

1.2 Underwrite, at risk, up to an additional £6,479,000 to the 2020/21

revenue budget to cover the period of October 2020 to March 2021

should there be a delay in signing the J10 GDA and to enable the J9

OBC to continue.;

2. That Cabinet delegates authority to the Executive Director Economy,

Environment and Infrastructure in consultation with the Cabinet Member;

Environment and Planning and the Executive Director of Corporate Resources

(and Section 151 Officer)to:

3. Agree the terms and conditions which give rise to the GDA between GCC and

Homes England in relation the M5J10 scheme, including the Heads of Terms.

4. Authorise the County Council to execute the GDA between GCC and Homes

England by affixing the council’s seal thereto.

5. Authorise the execution of any supplemental documents or agreements

necessary to facilitate the delivery of the M5J10 scheme.