1. That a capital budget of £400,000 be agreed to upgrade 4 waste-water treatment works (WwTW) to be funded from HRA reserves.
2. That works to individual WwTW works to be delivered subject to the Council’s Chief Finance Officer and Strategic Director agreeing the business case and granting authority to spend the budget under Financial Procedure Rule 7.4; and, if credits are to be sold in the market, suitable agreements being secured.
3. That authority be delegated to the Strategic Director, S151 Officer and Director – Legal to utilise and/or dispose of (in accordance with market conditions at the time of sale) credits generated from historic and new upgrades in accordance with the following strategy:
a) To support the delivery of council housing commissioned by the council.
b) To support the delivery of housing where an element of that housing is to be council housing and the approach helps to unlock delivery via credit disposal.
c) To dispose of credits to support other council led and enabled activities.
d) Disposal of credits to the open market.
4. That authority be delegated to the Strategic Director and Director - Legal authority to agree required monitoring and enforcement mechanisms for such arrangements and to enter into legal agreements to facilitate delivery.
5. That authority be delegated to the Strategic Director for the procurement of any works or services and that the Strategic Director be authorised to award contracts and enter into all necessary legal agreements with the preferred bidder(s).