Report of the Director of the Built Environment.
Members considered a Gateway 5 report of the Director of the Built Environment regarding Mark Lane Public Realm and Transportation Enhancements – Phases 2 and 3. The Chairman commented that the main area of risk, at present, appeared to be around securing the required Traffic Order on time.
RESOLVED, that Members,
· Agree authorisation to increase the current approved budget of £69,261 by £2,869 to cover the overspend as per Appendix 3, Table 3 in the report.
· Agree to utilise the underspend of £15,651 from the previous works phase towards the completion of public realm works (Phases 2A and 2B)
· Agree authorisation to initiate public realm works on New London Street and Mark Lane to be fully funded from the Local Community Facilities and Environmental Improvement Contributions from 64-74 Mark Lane Section 106 agreement (£633,168) and Mariner House Section 106 agreement (£82,923), at a total cost of £716,091. (Phases 2A and 2B)
· Agree authorisation to carry out a design appraisal in the Mark Lane (Phase 3) area to establish the impacts of proposals at Fenchurch Place and the redevelopment of 50 Fenchurch Street on the local street network; at a cost of £25,000, funded by the Public Transport Contribution of £189,655 from the 64-74 Mark Lane Section 106 agreement.
· Approve the revised total project budget increase from £509,914 to £905,746 which combines the public realm (£716,091) and transportation improvements (£189,655) programmes.
· Grant delegated authority to the Director of the Built Environment for implementing transportation improvements (Phase 3), provided costs are not exceeded in a subsequent Gateway 3/4/5 Report.