Agenda item

The Sub-Committee considered an urgent report of the Director of the Built Environment, concerning the All Change at Bank project. Members noted developments since the last meeting in light of the Fundamental Review and the resolution submitted by the Sub-Committee to the Resource Allocation Sub-Committee. The Sub-Committee was advised of the amended recommendations and noted the proposed funding strategy of using Section 106 deposits to fund the project to the next Gateway.

Members stressed that the project should not be delayed any further and urged officers to ensure the project moved forward.

RESOLVED – That the Streets & Walkways Sub-Committee:

a)     Agree that the S106 deposits identified be used to fund the All Change at Bank project to Gateway 4, at a cost of £659,584, subject to the agreement of the Resource Allocation Sub-Committee; and

b)     Agree the original recommendations set out in the All Change at Bank project Issues report of 17 April 2019, as follows:

1. That Members agree the intended project approach for the All Change at Bank Project;

2. That Members note the programme, milestones, costs and key risks as set out;

3. That Members agree to a second issues report being presented in November/December 2019 to approve a limited number of options to proceed to more detailed feasibility work;

4. That Members agree to the outlined procurement approach; and

5. That Members approve the requested budget increase from £1,179,000 to £1,810,761 (an increase of £631,761) to reach Gateway 4.