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1.   
That
the Board approve the Outline Business Case for the Deeside Anaerobic Digestion
Plant project subject to The Circular Economy Development Ltd addressing the
matters set out in the report, as described in Section 7, and recommend to the
Economic Ambition Board that a Full Business Case is prepared for the Board to
consider following the completion of the procurement process and the consenting
processes.

2.    That
the Board notes that the primary procurement for the project has already been
completed on approval of the Outline Business Case it is intended that the Full
Business Case would be presented to the Board in February 2024 for approval.

3.   
That
the Board, noting that the proposed funding model for the project is 50% grant
and 50% loan subject to confirmation of the subsidy control position at Full
Business Case, approve the principle that the interest from the loan once the
cost of borrowing charges for the loan element have been covered is allocated
to a reserve to be used to fund the Portfolio Management Office in future
years.

4.    That
the Board authorise the Portfolio Director in consultation with the Host
Authority Section 151 Officer and Monitoring Officer to agree draft funding
terms in accordance with this report as a basis for approval by the Economic
Ambition Board as a basis for the final funding arrangements for the project to
be agreed by the Board at the Full Business Case stage.

5.   
That
the Board designate the decision as an urgent matters which can be implemented immediately
in accordance with paragraph 29 of the Scrutiny Protocol in Governance
Agreement 2.