Issue - meetings

Recommendation

The Chief Executive Officer, in consultation with the Leader of the Council, is recommended to give consent to the making of regulations by Central Government to provide the York and North Yorkshire Mayoral Combined Authority with borrowing powers.   

Considered – A report of the Assistant Chief Executive Legal and Democratic Services (ACELDS) in which consent was sought to the making of regulations by Central Government to provide the York and North Yorkshire Combined Authority (YNYCA) with borrowing powers in line with the Devolution Deal and Scheme which were subject to public consultation.

Barry Khan, the ACELDS, introduced the report and advised that on its creation the YNYCA was granted borrowing powers in relation to transport and Police, Fire and Crime Commissioner functions.  Borrowing powers for other functions would be dealt with by separate regulations, which required the consent of the three constituent authorities: North Yorkshire Council, City of York Council and the YNYCA. 

Resolved (unanimously)

That the Chief Executive Officer, in consultation with the Leader of the Council, give consent to the making of regulations by Central Government to provide the York and North Yorkshire Mayoral Combined Authority with borrowing powers.   

Reasons for decision

It is recommended to grant approval to give consent to Government to be able to make the relevant Regulations to extend the borrowing powers for all functions to the Mayoral Combined Authority.  It will be for the Government to make the final decision as to whether the borrowing powers will actually be granted to the MCA.

Alternative options considered

The Council could refuse to give its consent and therefore the Government would not be able to confer borrowing powers to the MCA for functions outside transport and Police, Fire and Crime Commissioner functions.  Alternatively the Council could give consent only to specific powers of the MCA and not all of them.  However both of these alternative options may limit the ambition for regeneration and growth within the region and therefore it is recommended for consent to be granted.