Agenda item

Consideration was given to a report of the Director of the Built Environment which provided details regarding the outcome of the Heron Tower Highway Improvements works project.

The Committee congratulated Officers for bringing both this project at Heron Tower Highway Works (Item 4b) in on time and within budget.

RESOLVED – That,

i)                 closure of the project be authorised;

ii)                the Chamberlain’s department be instructed to return unspent funds to the developer, including any interest accrued, as is required under the conditions of the S278 (No.2) and related variation agreement; and

iii)              it be noted that as a result of the S.278 (No.2) Variation Agreement, £395, 983 (for the diminution in benefits for the implemented scheme) will be available for other improvement works; the scope of which is still to be determined.