Agenda item

Report of the Director of the Built Environment.

This report has been considered by the Streets and Walkways Sub Committee, the Planning and Transportation Committee, the Projects Sub Committee, and will be considered by the Policy and Resources Committee.

Members considered a report of the Director of the Built Environment regarding Bank Junction Improvements.

RESOLVED, that Members,

·         Approve the allocation of the S106 deposits set out in Table 3 (Appendix 1) of the report totalling £121,052to the Bank junction experimental safety scheme

·         Approve the allocation of up to £670,948 from the On Street Parking Reserve account to the Bank Junction experimental scheme.

·         Approve the inclusion of any Transport for London funding to the project budget that arises with a report to this committee to confirm the inclusion and resultant balance on the On Street Parking Reserve or S106 contributions.