Decision details

LCR 131 - Strategic Investment Fund - Festival Gardens Remediation and Infrastructure

Decision Maker: Liverpool City Region Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This project seeks funding to support remediation and infrastructure works on a contaminated brownfield site, to provide serviced plots enabling the future delivery of up to 1475 housing units.

Decision:

The Liverpool City Region Combined Authority resolved that:-

 

(i)        subject to funding, the provision of grant funding to Liverpool City Council from the SIF for the Festival Gardens remediation and infrastructure project of £26,900,000, be approved;

 

(ii)       the funding conditions as set out in Appendix 2 be approved; and

 

(iii)      delegated authority be granted to the Director of Commercial Development and Investment to finalise negotiations of detailed funding terms and associated agreements for the project specified at (i) and (ii) above in consultation with the Combined Authority Monitoring Officer and Combined Authority Treasurer.

Publication date: 20/03/2020

Date of decision: 20/03/2020

Effective from: 28/03/2020

Accompanying Documents: