Agenda item

Brent Cross Cricklewood Funding and Delivery Strategy Report

Minutes:

The Chairman introduced the report, which set out the Funding and Delivery Strategy for Brent Cross Cricklewood.

 

The Deputy Chief Executive, Cath Shaw noted that a Member of the public enquired about making a public comment on this.  Ms. Shaw undertook to contact them and brief them outside of the meeting.

 

The Chairman advised that intended to move an amendment to Recommendation 3 of the report and noted that should this be agreed, it would be done by way of Delegated Powers Report for all Members of the Committee to be able to consider it.   A Member asked that the draft DPR also be circulated to Members of ARG.  This was agreed. (Action)

 

The Chairman MOVED the following amendment to Recommendation 3

 

Recommendation 3: Delegate to the Chief Executive in consultation with the Chairman of the Policy and Resources Committee, approval  of  the Revised Funding Agreement agreed with HM Government. Should the Revised Funding Agreement expose the council to material additional risks, to return the matter to Committee, having regard to:

 

i. the revised financial tests set by this Committee on 11 December for the council to assure itself that the prudential code can be satisfied so that the council can make the required capital commitment to deliver the Thameslink Station (as set out in paragraphs 1.19 of this report); and

ii. The details to be published in the addendum report.

 

The above was unanimously AGREED and became the substantive motion.

 

The Chairman MOVED the following amendments to recommendations 4 and 5 which were unanimously agreed, and became the substantive motion.

 

4.    Subject to the approval of the RFA in accordance with Recommendation 3, authorise the Chief Executive in consultation with the Chairman of the Committee to finalise terms and enter into the RFA with HMG and to commission Schedule 2 (Rail Systems and Sidings) works as set out in the Implementation Contract with Network Rail dated 21 December 2018.

 

5.    Subject to the approval of the RFA in accordance with Recommendation 3, approve the consequential changes to the capital budget to proceed with the BXT and delivery of core critical infrastructure to support the Brent Cross Cricklewood (BXC) revised delivery strategy as detailed in paragraphs 5.2.7 of this report.

 

 

The Chairman moved to the vote on the amended Recommendations 3 4, and 5 and the other recommendations as set out in the report.  

 

RESOLVED that Committee:

 

1.  Note that Full Council on 18 December 2018:

 

A: Confirmed the council’s continuing commitment to the delivery of BXT and other elements of the critical infrastructure given the strategic importance of the regeneration scheme and the recognising the scale of the investment proposed in delivery of the new Thameslink station at Brent Cross West (BXT).

 

B: delegated to this Committee the decision to commission the Schedule 1B (rail systems and sidings) works provided: (a) a Revised Funding Agreement (RFA) has been agreed with HM Government (HMG); and (b) that the RFA does not expose the council to unacceptable risk.

 

2. Note that the Deputy Chief Executive is authorised entering into the Implementation Agreement with Network Rail and to commission the Schedule 1 (site setup) works set out in that agreement on 21 December 2018 in accordance with the approved recommendations by this Committee on 11 December and Full Council on 18 December and also that that the council commence an OJEU procurement for the station platforms and station access / pedestrian bridge elements of the programme.

 

3.  Delegate to the Chief Executive in consultation with the Chairman of the Policy and Resources Committee, approval of the Revised Funding Agreement agreed with HM Government. Should the Revised Funding Agreement expose the council to material additional risks, to return the matter to Committee having regard to:

i.             the revised financial tests set by this Committee on 11 December for the council to assure itself that the prudential code can be satisfied so that the council can make the required capital commitment to deliver the Thameslink Station (as set out in paragraphs 1.20 of this report).

 

4. Subject to approval of the RFA in accordance with Recommendation 3, authorise the Chief Executive in consultation with the Chairman of the Committee to finalise terms and enter into the RFA with HMG and to commission Schedule 2 (Rail Systems and Sidings) works as set out in the Implementation Contract with Network Rail dated 21 December 2018.

 

5. Subject to approval of the RFA in accordance with Recommendation 3, approve the consequential changes to the capital budget to proceed with the BXT and delivery of core critical infrastructure to support the Brent Cross Cricklewood (BXC) revised delivery strategy as detailed in paragraphs 5.2.7 of this report.

 

Supporting documents: