Decision details

Agreed

That it is recommended that Council approve £1.3m Community Infrastructure Levy be available for investment in the new railway station at Marsh Barton on the following basis:-

(1)        that no funds to be made available until adequate Community Infrastructure Levy had been collected and funding for city centre major infrastructure investments has been secured in line with the resolution of Executive on 10 February 2015;

 (2)       of the £1.3 million funding:

that £660,000 to be committed specifically for Marsh   Barton Station; and

the other £640,000 to be available for Devon County Council to deliver infrastructure needed to serve development at South West Exeter, which could include Marsh Barton Station; 

(3)        City Council CIL funding for the railway station to be conditional on ‘claw-back’ provisions whereby the Council would be an equal-proportion recipient of any project cost savings, and

(4)        the Assistant Director City Development be given delegated authority to finalise an agreement with Devon County Council that accords with these recommendations. 

Reason for Decision:

As set out in the report.