Issue - decisions
Funding of Major Transport Schemes – West Yorkshire Transport Fund
Recommended: That Council agree to:
(i) Formally join the West Yorkshire Transport Fund.
(ii) Accept the financial liability that arises from joining the fund and to note that future increases in the levy would represent as unavoidable additional cost in future budgets. Although the precise figures could not be determined at this stage it would be within the parameters identified in the report which estimated an increase from the budgeted contribution of £500k per annum to £1m to £1.5m per annum in 2025.
(iii) Delegate to the Deputy Chief Executive/Director of Customer and Corporate Services the finalisation of the legal agreement in consultation with the Leader of the Council, the Deputy Leader of the Council and the Finance Portfolio holder
Reason: (i) To ensure the delivery of the York Outer Ring Road improvements and York Central Access Road and Station Gateway schemes.
(ii) To ensure proper financial planning within the authority.
(iii) To ensure that York’s position is fully protected in line with the principles set out in the report.