Purpose

The decision sought is to:
i.  Approve
the injection of £561,000 of development funds from the
Transforming Cities Fund (TCF) into Leeds City Council’s
(LCC) Capital Programme. The injection of these funds will enable
further work to progress on the detailed design and Full Business
Case tasks;
ii.  Give approval
to spend the additional development funding of £561,000;
iii.  Agree to a Deed of
Variation being signed and sealed by LCC to amend the existing
funding agreement with WYCA to cover the additional development
funding (taking the total approval to £1,956,000).

Content

The Chief
Officer, Highways and Transportation:
a) 
approved the
injection of an additional £2.3m from the Transforming Cities
Fund (TCF) into Leeds City Council’s (LCC) Capital Programme,
following approval of the OBC by WYCA on 16/11/2023; increasing the
total budget allocation to £4.98m;
b) 
gave approval to spend the additional
development funding of £561,000 to enable further work to
progress on the detailed design and FBC tasks;
c) 
gave approval to enter into a Deed of
Variation (DoV), to amend the existing funding agreement with WYCA,
to cover the additional development funding
(£561,000).