Agenda item

Report of the Director of the Built Environment.

The Committee considered a report of the Director of the Built Environment regarding the Museum of London Public Realm Project.

RESOLVED: That Members:-

1.     Note the proposed widened scope of the scheme and agree that it be allowed to progress outside of the Fundamental Review;

2.     Approve additional budget of £625,000 required to progress the project to the next Gateway; of which £80,000 is to be met from existing provisions within the Markets Consolidation Budgets and the remaining £545,000 from the eligible sources for this project of CIL or OSPR.

3.     Note the Capital Funding Review process via Resource Allocation Sub Committee had approved central funding for the key project dependency elements of this project.

4.     Approve the increase in the scope of the project to reflect the proposals within the Transportation Strategy, the planned implementation of Culture Mile and the development of the Markets Consolidation Programme.

5.     Approve the change of the project name from Museum of London Public Realm to West Smithfield Area Public Realm and Transportation project.

6.     Note the revised project budget of £715,000; and note the total estimated project cost of £12m which is subject to the identification of funding.