Issue - meetings
East Midlands Freeport Update
Meeting: 26/04/2022 - Cabinet (Item 112)
Report of the Strategic Director.
Presented by Deputy Leader and Infrastructure Portfolio Holder.
The Deputy Leader and Infrastructure Portfolio Holder presented the report, updating Cabinet on the East Midlands Freeport Project and status of the Final Business Case.
It was noted that Cabinet had overseen the progress of this report but the final decision rested with Council.
The Leader offered thanks to Councillor R Ashman for all of the work he had done toward the Freeport to date. Members also wished to put on record their thanks to the Officers who had worked on the Freeport, with special thanks to the Chief Executive.
It was moved by Councillor R Ashman, seconded by Councillor K Merrie and
1) Progress of the East Midlands Freeport Business Project be noted by Cabinet.
2) The intention of the Chief Executive to appoint the Portfolio Holder for Infrastructure as Director of the EMF Company be noted.
RECOMMENDED TO COUNCIL THAT:
3) The Council join the East Midlands Freeport Company.
4) The finalisation of the Members Agreements, Articles of Associations and any other agreements necessary to facilitate the incorporation of the EMF Company be delegated to the Chief Executive.
Reason for decision: To comply with constitutional requirements and to make a recommendation to Council when it meets on 10 May 202