Agenda item

Report of the Executive Director of Environment

The Sub Committee considered a Gateway 6 report of the Executive Director of Environment regarding the 150 Bishopsgate project. The Chief Operating Officer confirmed that no additional funding would be required to close the project.

RESOLVED – That the Operational Property and Projects Sub Committee:

i)              Approve the content of this report and agree to close this project once the outstanding actions referred to in section 12 are complete;

ii)             Approve the budget adjustment related to staff costs to be actioned as outlined in Appendix 4;

iii)           Authorise the transfer of any underspend to the Jubilee Gardens project budget, part of the City Cluster Vision Wellbeing and Climate Change Resilience programme, subject to the developer’s agreement (and any necessary agreements), or if the developer does not agree the transfer of underspend, authorise return of unused funds to the developer, including any accrued interest as per the S278 agreement.