Purpose

To agree an approach and
mechanism for allocating power reserved by the Council to support
growth at Snetterton.

Decision

RESOLVED that:

 

the
approach and policy for power allocation set out in the report be
approved; and

 

Delegated Authority be given to the Deputy Chief Executive, in
consultation with the Executive Member for Economic Development,
the application and implementation of the approach along with the
ability to make any minor variations required to support the
Council’s objectives.

 

Reasons for the decision

To
manage the process to best link to Council priorities and policies,
whilst ensuring an equitable process is followed.
 
The
growth outcomes (particularly around the creation of higher value
employment opportunities, GVA and timescale for development
occurring) referred to within the original application for grant
finance, and subsequently reflected within the grant funding
agreement, are adhered to as closely as possible.
 

Alternative options considered

Options:
1)    
Agree recommendation.

 
2)    
Vary the approach, to favour a different balance or
configuration of options (not recommended, on the basis the
proposed recommendation is considered optimal for supporting the
Council’s priorities whilst materially accelerating
development).
 
3)    
Do nothing (not recommended, as the Council would
have no functional way of reallocating the power. This would result
in the Council being in breach of its agreements).