Decision details

Wirral Waters Investment Fund Amendment to Financial Assistance Grant

Decision Maker: Cabinet Member - Regeneration and Growth

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The report of the Assistant Director, Growth, Regeneration and Place, seeks approval for a minor variation to the original Grant Funding Agreement. This would involve changing the applicant and recipient from Peel Investments (Intermediate) Limited (the “Original Applicant”) to Wirral Waters Land No1 Limited (the “New Applicant”) to reflect the change in ownership of the site.

Decision:

Resolved –That:

 

(1)  the Grant Funding Agreement be amended to reflect the change in the applicant from Peel Investments (Intermediate) Limited (the "Original Applicant") to Wirral Waters Land No1 Limited (the "New Applicant");

 

(2)  the Grant Funding Agreement be amended to accommodate a slight change to the location of the new industrial units (attached as Appendix 1to the report);

 

(3)  the Director of Governance and Assurance be authorised, in consultation with the Director of Regeneration & Place, to amend the legal agreement between the Council and the new landowners, Wirral Waters Land No1 Limited, and subject to the detailed contracting process;

 

(4)  officers continue to progress the project and the Grant Funding Agreement as agreed by Cabinet, but with the new applicant, Wirral Waters Land No1 Limited.

Reasons for the decision:

As listed in the report.

Publication date: 22/01/2020

Date of decision: 22/01/2020

Effective from: 30/01/2020

Accompanying Documents: