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To approve the decision for the Council to enter into the Housing Infrastructure Fund Funding Agreement and a back to back agreement with Anglian Water.
To delegate final approval of relevant documentation and management of delivery of their terms to the Strategic Director.
Decision type: Key
Reason Key: Expenditure > £300,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 19/12/2019
Decision due: Before 3 Feb 2020 by Executive Councillor for External Partnerships
Contact: Fiona Bryant, Programme Director – Major Regeneration Email: Fiona.Bryant@cambridge.gov.uk.
Background Information: Following detailed negotiations during 2019, the draft contracts were still unavailable for final sign-off during the Autumn Committee Cycle. The spend profile and timescales required for the HIF funding require commissioning of key studies in advance of the spring environmental window. Final sign off of the development agreement has to be completed by end of 2019 in order for this commissioning to meet the relevant window. If it doesn’t key activity could be delayed by up to 6 months. It is therefore critical to achieve final sign off for the funding Agreement in advance of the next committee cycle. (February 2020).
