The Cabinet considered a report of the Executive Director of Place/Deputy Chief Executive requesting formal approval to accept £496,000 in City Region Sustainable Transport Settlement (CRSTS1) revenue grant funding that had been allocated to Oldham Council to Support the development of the borough’s transport pipeline and Local Implementation Plan (LIP).
Options/Alternatives considered:
Option 1 (preferred Option) – To accept the grant funding of £496,000 and develop the transport project pipeline and Local Implementation Plan (LIP).
Option 2 – To decline the grant funding £496,000 and then be unable to develop the transport project pipeline and Local Implementation Plan (LIP), which would risk falling behind on required transport plans and potential future funding opportunities.
Resolved:
1. That the grant offer from the City Region Sustainable Transport Settlement (CRSTS1), for revenue grant funding of £496,000 available to Oldham Council to support the development of our transport pipeline and Local Implementation Plan (LIP) be accepted.
2. That approval be granted for part of this resource to be used to support Council teams, as required, in developing a pipeline to potentially secure further capital funding for Oldham.
3. That delegated authority be granted to the Director of Legal Services, or his nominated representatives, to execute and complete any contractual documents.