Issue - meetings

To consider a report of the Chief Executive.

           The LCR Combined Authority considered the report of the Chief Executive which proposed a number of appointments of Combined Authority officers to serve on the Board of Directors of the Liverpool City Region Urban Development (GP) Limited (“LCR UDF (GP) Limited”).

           RESOLVED – That:-

(i)             the LCR UDF (GP) Limited has been established following the recommendations approved at the 8 March 2019 Combined Authority meeting be noted;

(ii)            the appointment of the Chief Executive, Section 73 Officer and Director of Commercial Development and Investment of the LCR Combined Authority to the Board of Directors of the LCR UDF (GP) Limited be approved;

(iii)           the funding decisions made by the Special Purpose Vehicle will be made in accordance with the terms agreed in the Funding Agreement with the Ministry of Housing, Communities and Local Government (“MHCLG”) for receipt of the European Regional Development Fund (“ERDF”) money, as per the report approved at the 8 March 2019 Combined Authority meeting be noted;  

(iv)          authority be delegated to the appointed officers to undertake or delegate appropriately, all activities and steps that are necessary to effect the efficient and appropriate operation of the special purpose vehicle, namely to the LCR UDF (GP) Limited; and

(v)            the Liverpool City Region Urban Development Fund provide periodic updates to the LCR Combined Authority as part of the Strategic Investment Fund update process.