Decision details

The Cabinet will be asked to consider and recommend to Council, the financial Business Case for the Mildenhall Hub Project.

RECOMMENDED TO COUNCIL: (22 February 2017)

That:-

1.                  The funding model, with estimated project budget and cash flow, as set out in Report No: CAB/FH/17/011 and its Appendix, be agreed and the Mildenhall Hub Project be approved to proceed to its planning and delivery stages.

2.                  A funding/partnership agreement with the project partners be prepared and signed by the Director, in consultation with the Leader and Portfolio Holder for Resources and Performance, on the basis set out in Section 6 of Appendix A to Report No: CAB/FH/17/011.

3.           Cabinet be authorised to approve a separate business case for an investment of up to £4m in renewable energy provision in the Hub provided that this business case is in line with the Council’s Medium Term Financial Strategy.

4.                  The Council’s Section 151 Officer make the necessary changes to the Council’s prudential indicators as a result of recommendation 1. above.