Agenda item

Project Funding

Report of the Chamberlain.


The Sub-Committee considered a report of the Chamberlain concerning capital prioritisation and the 2020/21 round of annual capital bids.


A Member asked when the request for drawdown for the Smithfield Market Canopy replacement would come to Members as this was a priority for health & safety reasons. The Chamberlain and the City Surveyor requested delegated authority to agree the drawdown for these works once the figures had been finalised.


RESOLVED, that:-

·         The following schemes, in the context of the current financial climate, be confirmed of their continued essential priority at this time:

o   Wanstead Park Ponds – further drawdown of £40k to undertake additional survey to reach next gateway

o   Public Realm Security Programme – release of £225k to prepare for the next stage of security works

o   St Lawrence Jewry Church - £55k top-up to reach the next gateway

o   Lindsey Street Bridge Strengthening - £30k to reach the next gateway

o   Oracle Property Manager (OPN) System Replacement - £545k requested to implement the scheme

o   Personal Device Replacement - £2.25m requested to implement the scheme.

·         The release of up to £3.145m from the reserves of City Fund, City’s Cash and Bridge House Estates as appropriate, subject to the approval of the relevant gateway reports.

·         Delegated authority be granted to the Town Clerk, in consultation with the Chair and Deputy Chairman of Policy & Resources Committee, to consider the drawdown request for the Smithfield Market Canopy project.

Supporting documents: