Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
¾ The Overarching Business Plan was formally
confirmed and it was recommended for the Council to approve it as the document
that sets out the arrangements for delivering the North Wales Growth Deal as
the basis for completing the Final Deal Agreement and acceptance of the Grant
Funding Letter with the UK and Welsh Governments.
¾ The provisions in Governance Agreement 2 weres
confirmed, which formally involves the executive functions and recommends that
the Council approves the provisions involving non-executive functions and that
it (the Cabinet) specifically adopts the delegations and the Terms of Reference
in "Governance Agreement 2: Appendix 1" as the basis for completing
the Final Deal Agreement and acceptance of the Grant Funding Letter with the UK
and Welsh Governments.
¾ Subject to completing Governance Agreement 2,
that Gwynedd Council agrees to act as the Host Authority and the Accountable
Body and signs the letter of the Grant Funding Proposal on behalf of the
Partners through the Chief Finance Officer.
¾ It was formally confirmed and recommended that
the Council approves the method used to calculate the cost of borrowing which
is required in principle to facilitate the negative cash flow for the Growth
Deal, and to include a provision within the Council Budget to pay this
contribution and the established core and supplementary contributions as set
out in GA2.
¾ That the Chief Executive, in consultation with
the Leader, the Monitoring Officer and the Section 151 Officer, be granted
delegated authority to agree minor changes to the documents with the Partners
as necessary to complete the agreement.
Publication date: 24/11/2020
Date of decision: 24/11/2020
Decided at meeting: 24/11/2020 - The Cabinet
Accompanying Documents: