Agenda item

Capital Funding Update

Report of the Chamberlain.

Minutes:

The Committee considered a report of the Chamberlain proposing the release of up to a further £281.2k to allow two schemes to progress to the next gateway (detailed options appraisal):

i.              Guildhall Complex Chiller Plant Replacement – up to £174.2k (including risk allowance)

ii.             Guildhall Steam Plant Replacement – up to £107k (including risk allowance).

 

The Chair of the Projects Sub Committee raised some concerns on the Chiller Plant Replacement project and expanding the options appraisal. He felt that the project had a capital of £3m and the project should be managed on that basis. The City Surveyor committed to looking at this in more detail.

 

RESOLVED, that:

·         The allocation of central funding of up to £281.2k to allow 2 schemes be progressed to the next gateway:

o   Guildhall Complex Chiller Plant replacement £174.2

o   Guildhall Steam Plant Replacement £107k

·         It be noted that work is underway to identify priority schemes to be progressed during the current crisis to ensure that funding for only the most essential schemes is committed for the time being.

Supporting documents: