1. That
the Board approve the Outline Business Case for the Egni project subject to
Bango University addressing the matters set out in the report, as described in
Section 7, and recommend to the Economic Ambition Board that a Full Business
Case is prepared for the Board to consider following the completion of the
procurement process and the consenting processes.
2. That
the Board delegate final approval of the procurement strategy and the
procurement specifications and social value criteria to be included by Bangor
University in their procurement to the Portfolio Director in consultation with
the Chair and Vice Chair.
3. That
the Board authorise the Portfolio Director in consultation with the Host
Authority Section 151 Officer and Monitoring Officer to agree draft terms in
accordance with this report as a basis for the final funding arrangements for
the project which will form the basis of funding to be agreed by the Board at
the Full Business Case stage.