Agenda item

The Sub-Committee received a Gateway 4/5 report comprising the detailed options appraisal and authority to start development work at 11-19 Monument Street.

The scope of the project at G3 had comprised functional changes to accommodate the development, as well as environmental enhancements in the project area, including the raising of the southern section of Fish Street Hill and relocation of parking, the re-surfacing of Pudding Lane, and the relocation or introduction of street furniture and trees.

Members were advised that in September 2016 a public consultation was carried out on the outline design. There were five formal responses received, and four that provided supportive comments. Strong feedback was given with regards to accessibility improvements to Monument yard, including removing the changes in level to provide a unified surface throughout the whole area.

It was now proposed that rather than having two processes, one for reparations and one for enhancements, these should be combined to make the implementation phase of the project more streamlined and efficient. The reparations budget had therefore been included within the project cost, increasing the overall project cost.

In response to a question concerning the removal of the Monument Street hoarding, the Sub-Committee were advised that TfL wanted to retain this although they had agreed to cut it back and officers were liaising with TFL to ensure this was done.

RESOLVED – To approve

a)            The design for Option 2 as detailed in Appendix 1 of the report;

b)            The implementation budget of £964,358 fully funded from the 11-19 Monument Street S278 and S106 Agreements and 20 Fenchurch Street S106 Agreement, including any interest and indexation accrued (see Section 5 and Appendix 3 of this report);

c)            The budgets should be adjusted to reflect the tables in Appendix 1;

d)            Budget adjustments, if required, between work, staff costs and fees to facilitate the completion of the project, providing the overall budget is not exceeded; and

e)            The advertisement and implementation of the necessary traffic order changes required, subject to the outcome of the statutory consultation requirements.