Decision details

DECISION:  

1.     To agree to enter into a Delivery and Funding Agreement whereby the role of Accountable body, responsibility for the delivery of the North Wales Growth Deal and funding arrangements for the Growth Deal are transferred to the North Wales Corporate Joint Committee on or before the 31 March, 2025.

2.     To agree to novate and assign as required the delivery of the North Wales Growth Deal and rights and obligations in all incoming funding agreement held by Cyngor Gwynedd as Accountable Body on behalf of the North Wales Economic Ambition Board transfer to the North Wales Corporate Joint Committee on or before 31 March, 2025.

3.     To agree to transfer and novate and/or assign all interests in the portfolio of projects funded by the North Wales Growth Deal together with any ancillary agreements, charges and leases from Cyngor Gwynedd as Accountable Body on behalf of NWEAB to the NWCJC on or before 31 March, 2025.

4.     To agree to the transfer and/or assignment of all financial balances, monies due and assets as held on behalf of the North Wales Economic Ambition Board by Cyngor Gwynedd to the North Wales Corporate Joint Committee on or before 31 March, 2025.

5.     To delegate authority to the Interim Chief Executive, in consultation with the Monitoring Officer and Section 151 Officer, to agree and execute the final form agreements, deeds and all other legal documents necessary to implement the transfers referred to in paragraphs 1, 2 and 3 above by or before 31 March, 2025.

6.     To agree to the transfer of accountability to the CJC and that the CJC accept responsibility for decision making for the implementation of the North Wales Growth Deal subject to novation of the Growth Deal and approval of additional Standing Orders incorporating the key terms of the Joint Working Agreement between the 6 Constituent Councils and 4 Education parties.