FULL BUSINESS CASE FOR PARC BRYN CEGIN, BANGOR
David Mathews
(Land and Property Programme Manager) to present the report.
Decision:
1.
To approve the Full Business Case for
the Parc Bryn Cegin project.
2.
To confirm the delegated authority made on 6 December 2024 to the Portfolio Director in consultation with the Chair, Vice-chair, Section 151 Officer and the Monitoring Officer to approve and enter into the Joint Venture Agreement.
Minutes:
The report was submitted by
the Land and Property Programme Manager.
DECISION
1.
To approve the Full
Business Case for the Parc Bryn Cegin project.
2.
To confirm the delegated
authority made on 6 December 2024 to the Portfolio Director in consultation
with the Chair, Vice-chair, Section 151 Officer and the Monitoring Officer to
approve and enter into the Joint Venture Agreement.
REASONS FOR THE DECISION
To
seek the Portfolio Board's approval for the Full Business Case for the Parc
Bryn Cegin project.
The
Board approved the project's Outline Business Case on 6 December 2024. The Land
and Property Programme Board and the Portfolio Board approved the Full Business
Case in January 2025.
As
there was no grant funding agreement for this project, the Joint Venture would
act as a legal agreement between Ambition North Wales and the Welsh Government.
DISCUSSION
The report was discussed.