Agenda item

To consider the report of the Executive Director Environment.

Note: Appendix 2 is non-public

A Member sought clarification on whether the City of London Corporation would be expected to fund the cost of any lights that might need replacing in the future after the re-lighting project was complete. The meeting heard that the Corporation would not be liable for those costs.  

RESOLVED, That Members

1. Note that a project capital funding bid of £1.16M was approved by RASC on 14th January 2022, with further approval of all capital funds for 2022/23 required from Finance Committee and Court of Common Council in February and March 2022 respectively;

2. Note that should this report be approved, a draw-down of the capital funds will then be sought via the Chamberlains ‘Project Funding Update’ report to Policy and Resources Committee in March 2022;

3. Approve the project budget of £2.075M, funded as referenced in Section 3 of this report;

4. Approve the £250k budget to progress the project to the next Gateway;

5. Approve the updated programme for the delivery of the project.