Decision details

Enterprise Zone Investment Proposal

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

RESOLVED that:

 

A     The Council undertakes borrowing of up to £4 million to complete the infrastructure works at the London Road North site of the Harlow Enterprise Zone.

 

B    The Council agrees in principle to undertake borrowing up to £10 million to develop and construct an office building at the London Road North site of the Harlow Enterprise Zone.

 

C    Delegated authority is given to the Chief Executive, in consultation with the Leader of the Council and the Cabinet Portfolio Holders for Regeneration and Finance, to determine the level of borrowing within the maximum agreed in (A) above and to negotiate and to agree all contracts necessary to deliver the infrastructure for which the borrowing is undertaken.

 

D    The Chief Executive reports further to Cabinet on the options for the provision of the building in (B) above.

Report author: Simon Freeman

Publication date: 24/02/2017

Date of decision: 23/02/2017

Decided at meeting: 23/02/2017 - Cabinet

Effective from: 04/03/2017

Accompanying Documents: