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1.    
That the revised budget and funding strategy for the City Learning
Quarter (CLQ) as detailed in the report be approved.

 

2.    
That the building known as Wolf Mountain, at Paget
Road, be declared surplus to the Council’s requirements and
disposal to achieve best consideration be approved.

 

3.    
That authority be delegated to the Cabinet Member
for Governance and Equalities in consultation with the Director of
Regeneration and Deputy Director of Assets to approve the terms of
the disposal for Wolf Mountain through an Individual Executive
Decision Notice and to ringfence the net disposal proceeds as part
of the CLQ funding strategy.

 

4.    
That the transfer of ownership of Phase 2 Main College site to the
College upon completion of the construction phase subject to S123
Consent being obtained by Council be approved.

 

5.    
That approval be delegated to the Deputy Leader: Inclusive City
Economy and the Cabinet Member for Resources and Digital in
consultation with the Directors for Regeneration and Finance for
the Council to enter into the required Development Agreement with
the City of Wolverhampton College for Phase 2 of the project.

 

6.    
That approval be delegated to the Deputy Leader: Inclusive City
Economy and the Cabinet Member for Resources and Digital in
consultation with the Directors for Regeneration and Finance for
the Council to enter into a NEC4 construction contract for the
Phase 2 College with McLaughlin and Harvey Limited to progress and
complete the City Learning Quarter project subject to the
following:

 

a.    Confirmation of full
funding for the Phase 2 project.

b.    The execution of a grant
agreement with the Department for Education.

c.    The execution of the
Development Agreement with the City of Wolverhampton College.

 

7.    
That the Chief Operating Officer be authorised to negotiate,
execute, seal and complete all necessary and ancillary documents to
give effect to the above recommendations.  

 

8.    
That the Director of Finance be authorised to enter into all
necessary grant agreements.

 

9.    
That it be noted that, in line with existing approvals, the Council
would  continue to cash flow the project
until external funding streams are received.

 

10. 
That it be noted that, a future report would set out the proposals,
and procurement strategy, for the works to Central Library related
to façade restoration and provision of facilities for Adult
Education.

 

11. 
That it be noted that, in line with the Constitution, that the
Director of Finance and Chief Operating Officer would complete all
necessary and ancillary documents, in respect of Government grants
received in support of the City Learning Quarter.