1.
To approve the Outline Business Case for the Parc
Bryn Cegin project, subject to Welsh and UK
Governments' approval of the assurance process, and Ambition North Wales
addressing the matters set out in the report, as described in Section 7, and
recommend to the NWEAB that a Full Business Case is prepared for the Board to
consider.
2.
To accept that the approval of the Outline Business
Case will act as approval for the project change request to reduce the project
scope for Phase 1 from 3,000 square metres to 1,856 square metres of proposed
new employment units.
3.
To agree the revised process which will see a Full
Business Case presented upon the completion of the Joint Venture Agreement and
confirmation of Welsh Government funding prior to commencing procurement.
4.
To agree the principles of the Joint Venture
proposal as set out and delegate to the Portfolio Director in consultation with
the Chair, Vice-Chair, Section 151 Officer and
Monitoring Officer to approve and enter into the agreement.
5.
To note the forecast return as part of the Joint
Venture Agreement and approve in principle (subject to confirmation at Full
Business Case) that the income received is allocated to a reserve to be used to
fund the Portfolio Management Office in future years.
6.
To hold further discussions on Phase 2 of the
Project following the completion of Phase 1.