Agenda item

Report of the Chamberlain.

This report has been considered by the Resource Allocation Sub Committee this day.

Members considered and approved a report of the Chamberlain regarding Project Funding.

RESOLVED, that Members,

• Agree the recommendation of the Resource Allocation Sub Committee that the report be approved.

·         Agree to the following requests for funding totaling £799k from the 2016/17 City Fund provision for new schemes, all subject to the requisite approvals by other committees.

·         Relocation of Adult Skills and Education Services to Guildhall Business Library – a contribution of up to £71k, dependent on the project sum approved at Gateway 5 by the Chief Officer after procurement;

·         Barbican Estate New Baggage Stores (SBR proposal) – a provision of up to £610k, (including £19k to progress to the next gateway) with the remainder of £591k dependent on the project sum approved at Gateway 5 by the Chief Officer after procurement;

·         Top-up loan funding for two Barbican Centre SBR proposals to cover cost increases:

o   Frobisher Crescent Level 4 - £52k

o   New Retail Unit - £66k.