Issue - decisions

(1)  To adopt the Local Development Order for the Somer Valley Enterprise Zone (SVEZ) site recommended by the Local Planning Authority, and to meet the aims of policy SSV9.

(2)  To delegate to the Director of Regeneration and Housing and the Director of Sustainable Communities (or [the Monitoring Officer / Executive Member] for payments of over £500,000) in consultation with the S151 Officer, authority to take all necessary steps to acquire by agreement land and/or rights required for the SVEZ Scheme and to negotiate and settle all necessary compensation and professional fees (including interim payments) as agreed with landowners, where compensation is within the SVEZ Scheme budget. This will be subject to full due diligence and financial evaluation to ensure value for money and that commitments are in line with approved scheme budgets.

(3)  To delegate the approval to the Director of Regeneration and Housing and the Director of Sustainable Communities in consultation with the s151 Chief Finance Officer to:

o  Accept the Investment Fund grants from the West of England Combined Authority, subject to WECA approval at Committee .

o  On grant acceptance to move from provisional to approved budget for £9.3m continue with land assembly and infrastructure design.