Issue - meetings

Archie Galloway in the Chair for this item only.

Consideration was given to a report of the Director of the Built Environment regarding the road danger reduction in Shoe Lane are - Stonecutter Street and Little New Street.

Reference was made to page 162 and the condition of the statue resolution at the junction of Shoe Lane and St Bride Street.  The Director advised that the contractor had the repairs in hand.

RESOLVED – That

i)       Option 1 be approved -Permanently close Stonecutter Street at its eastern end to motorised vehicles as set out in Appendix 3 –drawing 22484901-109 - Sheet 1 - REV D.

ii)      The detailed design (Appendix 3) and closure of Stonecutter Street  to motorised vehicles be approved subject to:

               a)          The making of any necessary Traffic Management Orders which will be the subject of a separate statutory process, (including statutory consultation);

               b)          The Comptroller and City Solicitor entering into an agreement (under Section 278 of the Highways Act 1980) with Goldman Sachs; and

               c)          That Goldman Sachs provide full funding for the project in accordance with the conditions of the S.278 and prior to the commencement of any works;

iii)    The revisions to the project budgets as detailed in Table 2 of the report be approved.

Resource requirements to complete the project

It is anticipated that the total costs to complete the project will come to £149,838. Goldman Sachs has committed to fund the costs of the entire project, and has already provided £100,000 advance funding for this purpose.