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  • Issue - meetings

    HEADS OF TERMS

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    Meeting: 12/06/2020 - North Wales Economic Ambition Board (Item 5)

    5 HEADS OF TERMS pdf icon PDF 440 KB

    Report by Alwen Williams, Programme Director.

    Additional documents:

    • ITEM 05 - Appendix 1 - Heads of Terms, item 5 pdf icon PDF 943 KB

    Decision:

    To note the completion of the Heads of Terms.

    Minutes:

    The report was submitted by Alwen Williams - Programme Director.

     

    RESOLVED

     

    To note the completion of the Heads of Terms.

     

    REASONS FOR THE DECISION

     

    The Heads of Terms Agreement had been drafted by both Governments in the context of the Proposition Document and in line with the offer from the NWEAB within the Implementation Plan. The NWEAB had discussed and approved the draft document during meetings on 26 July and 6 September 2019. With the publication of the final document, the document was formally submitted to the Board to be noted publically.

     

    DISCUSSION

     

    The report was submitted noting that it was a signed version of the Heads of Terms agreement prepared in the context of the Proposition Document and Implementation Plan. It was noted that a decision was needed to note that the Heads of Terms had been completed.

     

    During the discussion the following matters were raised:

    ·         It was emphasised that signing the Heads of Terms was significant as it showed the clear commitment of both Governments to the work of the Ambition Board. It was also added that the Heads of Terms displayed a good partnership with both Governments and it was noted that the Board looked forward to signing the final document before the end of the year. 

     

     


     

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