Issue details

Decision

(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.

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.

Budget Implications

Dorset Council is the accountable body for the Weymouth Quay Regeneration Project and has an agreement with the Ministry of Communities Housing and Local Government (MHCLG) to deliver the project outcomes.

Reference documents

Agenda for Cabinet on Tuesday, 5th October, 2021, 10.00 am - Dorset Council