Issue - meetings

That East Herts Council releases its funding commitment of £500k to deliver key improvements to Hertford Town Centre, noting that the Council’s funding proportion of the total budget will be either 50% or 62.5%, depending on whether the Local Enterprise Partnership funding is secured.

The Executive recalled that, at its meeting held on 6 September 2016, it had agreed that up to £500k be allocated to fund a project to deliver key improvements to The Wash, Maidenhead Street and Bull Plain in Hertford.  The project had emanated from the Hertford Urban Design Strategy, and was a partnership project between East Herts Council, Hertford Town Council and Hertfordshire County Council.  The funding allocation was subject to other partner contributions being made.

The Leader advised that Hertford Town Council had since approved £300k to fund the project.  An application was currently being considered by Hertfordshire Local Enterprise Partnership to fund the £200k shortfall.  She proposed that East Herts Council’s funding be released on the basis set out in the report now submitted.

The Executive approved the recommendation now detailed.

RESOLVED - that East Herts Council releases its funding commitment of £500k to deliver key improvements to Hertford Town Centre, noting that the Council’s funding proportion of the total budget will be either 50% or 62.5%, depending on whether the Local Enterprise Partnership funding is secured.