Decision details

Seeking agreement that payments in excess of £500 can be made in relation to the project.

The Portfolio Holder for Highways, Travel and Environment presented the report and set out the details of the recommendations.  The Cabinet indicated that their “minded to view” to support the portfolio holders proposal.

Decision of the Portfolio Holder for Highways, Travel and Environment

(a)  That payments in excess of £500k be paid by Dorset Council in relation to       the delivery of the Weymouth Quay Regeneration Project.

(b)  That the agreement to make such payments be delegated to the Executive Director for Place to approve, in consultation with the Portfolio Holder for Highways, Travel and Environment and the Portfolio Holder for Economic Growth, Assets and Property.

Executive Decision - Weymouth Quay Regeneration Project payments over £500,000 - Dorset Council

Reason for the decision

There is potential for a number of transactions in the coming months to be in excess of the £500k threshold, and by agreeing to the recommendation disbursements of grant funds can be made as required and without delay. In agreeing payments under the delegation, the Executive Director will ensure that the funds are released only in accordance with CCF and MHCLG grant conditions, thereby minimising risk to DC as accountable body.