Decision details

RESOLVED:

That the amendment and clarification of resolutions (1) and (2) at its meeting on 2 September 2014(minute 42 refers) in accordance with paragraphs 3.2 and 3.3 of Report No: CAB/SE/15/017, be approved.

RECOMMENDED TO COUNCIL: That

(1)     subject to the approval of full Council and the satisfaction of the Section 151 and Monitoring Officers, a commitment be made to the full £4,528,871 million programme of works for the provision of electricity to serve Suffolk Business Park, including an immediate financial allocation of £356,186 currently due on 27 February 2015, as detailed in Section 3 of Report No: CAB/SE/15/017;

(2)     subject to the approval of full Council and the satisfaction of the Section 151 and Monitoring Officers, delegated authority be given to the Head of Planning and Growth in consultation with the Leader of the Council to enter into an agreement or agreements to be entered into by St Edmundsbury Borough Council (SEBC) and the developer/landowner to enable the development of Suffolk Business Park and Eastern Relief Road to enable SEBC to realise a return on its investment in line with the principles approved in the Medium Term Financial Strategy; and

(3)     Council be asked to approve the financial allocation of £150,000 towards the costs of specialist advice for this project from reserves.