Issue - meetings

Enterprise Zone Investment Proposal

Meeting: 23/02/2017 - Cabinet (Item 121)

121 Enterprise Zone Investment Proposal pdf icon PDF 40 KB

The confidential appendix C to this report is at pages 77-85 (any discussion of which will be held in private session).

Additional documents:

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.

Minutes:

Cabinet received a report on an investment proposal for the Enterprise Zone, which recommended the Council borrowed up to £4 million for infrastructure works on the site north of London Road and up to £10 million to develop and construct an office building.

 

Proposed by Councillor Tony Durcan (seconded by Councillor Jon Clempner) it was:

 

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.