Agenda item

Wansted Park Ponds – to consider a budget adjustment relative to the Wansted Park Ponds.

(B) Capital Funding – Bid for Reprioritisation: Wanstead Park Ponds

The Court was recommended to approve additional budgetary provisions of up to £150,000 to provide internal loan funding for the engineering assessment and modelling of the Wanstead Park pond system.

The cascading chain of three ponds located at the Park had been designated by the Environment Agency as High Risk under the Flood and Water Management Act 2010 and the City Corporation had a statutory duty to ensure that the pond structures meet the required standards. A sum of £150,000 was, therefore, being sought to undertake an engineering assessment and modelling of the pond system, to determine whether further steps were necessary to bring the Ponds up to standard.

Resolved – That an allocation of £150,000 be approved from the general reserves of City’s Cash to provide funding for the engineering assessment and modelling of the pond system.