Decision details

Decision:

(1)   That the current financial position of WUV at the planning application gateway as outlined in the report submitted to the Executive, be endorsed.

(2)   That £10.2m be transferred from the provisional capital programme to the approved capital programme for infrastructure fees and payments which the Council is obliged to make to Thames Water under the TW Agreement.

Reasons:

(1)   To report to councillors the financial position of the WUV at the planning application gateway.

(2)   To ensure that there is sufficient funding in the approved programme to cover the phase 1 Infrastructure fees and the payments which the Council is obliged to make to Thames Water under the Thames Water Agreement in the current year.

Other options considered and rejected by the Executive:

To cease the project, retaining the site in its existing state.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None