Resolved – That, 

(1)  the Director of Regeneration and Place, in consultation with the Director of Law and Governance and the Director of Resources, be authorised to finalise the Heads of Terms substantially in accordance with the draft Heads of Terms attached as an appendix to this report.

(2)  that the Full Business Case for Maritime Knowledge Hub, be approved;

(3)  the Director of Law and Governance in consultation with the Director of Regeneration and Place and the Director of Resources, be authorised to finalise agreements for the Council to enter into a conditional Forward Funding Agreement, Agreement for Lease and Lease, based on the finalised heads of terms, with Peel Land and Property (Intermediate) Ltd.; and

(4)  the Director of Regeneration and Place in consultation with the Director of Law and Governance and the Director of Resources, be authorised to accept the terms of the Grant Funding Agreement, subject to successful award, from Liverpool City Region Combined Authority and Ministry of Communities, Housing and Local Government in respect of the pre-test and trial Maritime Accelerator Project and to commence necessary procurement exercises to enable the delivery of the Accelerator.

RESOLVED – That Policy and Resources Committee approve the following recommendations:

(1)  Authorise the Director of Regeneration and Place in consultation with the Director of Law and Governance and the Director of Resources, to finalise the Heads of Terms substantially in accordance with the draft Heads of Terms attached as Appendix 3 to this report.

(2)  Approve the Full Business Case for Maritime Knowledge Hub.

(3)  Authorise the Director of Law and Governance in consultation with the Director of Regeneration and Place and the Director of Resources, to finalise agreements for the Council to enter into a conditional Forward Funding Agreement, Agreement for Lease and Lease, based on the finalised heads of terms, with Peel Land and Property (Intermediate) Ltd.

(4)  Authorise the Director of Regeneration and Place in consultation with the Director of Law and Governance and the Director of Resources to accept the terms of the Grant Funding Agreement, subject to successful award, from Liverpool City Region Combined Authority and Ministry of Communities, Housing and Local Government in respect of the pre-test and trial Maritime Accelerator Project and to commence necessary procurement exercises to enable the delivery of the Accelerator.