Agenda item

Responding to the Resilience Risk 2

Report of the CGO

Minutes:

The Committee considered a report of the CGO concerning the Strategic Initiative Responding to the Resilience Risk (RRR). The CGO introduced the report before summarising the key learning points if the initiative so far and explaining the proposals set out for the Committee. The CGO added that officers hoped to provide a further update to the next meeting.

 

A Member congratulated officers on the progress made and reiterated their commitment and support to the work in this area.

 

RESOLVED – That the City Bridge Trust Committee:

 

a)    Agree to support the development and delivery of the Strategic Initiative, Responding to the Resilience Risk 2 (RRR2) at an estimated cost of up to £500,000 as set out inparagraph 28 of the report, and that £500,000 shall be ring-fenced from CBT’s centralrisk budget (for non-grants expenditure) for this purpose;

 

b)    Agree for Bridge Houses Estates (1035628) that the RRR2 project should be delivered in collaboration with the Guildhall School of Music and Drama which will provide support from the City Corporation on a cost-recovery basis, that a Memorandum of Understanding be agreed to provide clarity in the collaboration including that any intellectual property rights created through the project shall be owned by the City Corporation as trustee of Bridge House Estates and for the City Corporation itself (City’s Cash);

 

c)    Agree that unused funds of £43,361 from phase one, Responding to the Resilience Risk, allocated in March 2019 for expenditure in 2019-20 and 2020-21, will be written back;

 

d)    Confirm support for the application to the Oak Foundation for £200,000 funding for the RRR2 programme and, should the application be successful, to accept the grant subject to agreeing grant terms and conditions which are acceptable to Bridge House Estates;

 

e)    Delegate authority to the CGO to negotiate and agree any terms and conditions for funding awarded by the Oak Foundation, in consultation with the Comptroller & City Solicitor and the Chamberlain; and

 

f)     Agree that a project budget update shall be presented in January 2021, which shall reflect costs incurred to that date and the outcome of the funding application to the Oak Foundation (please see the two scenario budgets presented at paragraph 28).

Supporting documents: