Agenda and decisions

To receive any apologies for absence.

To receive any declaration of personal interest.

To note any items that are a matter of urgency in the view of the Chair for consideration.

The Chair shall propose that the minutes of the meeting held on 15 May 2026 be signed as a true record.

The Chair shall propose that the press and public be excluded from the meeting during the discussions on the following items due to the likely disclosure of exempt information defined in Paragraph 14 of Schedule 12A of the Local Government Act 1972: Information relating to the financial business affairs of any particular person (including the authority holding that information).

While there is a public interest in transparency and accountability, this is outweighed at this stage by the need to protect commercially sensitive information given that disclosure would likely prejudice ongoing negotiations and the authority’s ability to secure best value and protect the proper use of public funds.

Resolved to exclude the press and public

David Mthews, Land and Property Programme Manager, to present the report.

1.  To approve the Full Business Case for the Albert Gubay Business School.

2.  To approve an additional £143,000 from the Cost Inflation Reserve to deliver the project.

3.  To authorise the Portfolio Director, in consultation with the Chair, Vice-chair, Section 151 Officer and Monitoring Officer to agree and enter into a funding agreement with Bangor University for the delivery of the project, on the basis that Bangor University satisfactorily addresses the outstanding issues, including the increase in procurement costs.

4.  It was confirmed that the Sub-committee's approval is valid for a period of six months and should the project not proceed to a signed funding agreement during this time, it  will be required to return and re-present the business case to the Sub-committee for approval.