Agenda item

To consider the report of the Director, Environment.

The Sub-Committee considered the report of the Executive Director, Environment.

A Member asked what was being done to ensure that delays were minimised, and whether materials were being pre-purchased to avoid inflationary consequences and subsequent budget adjustments. The meeting heard that materials were purchased early on and in bulk wherever possible, and that the risks were well-understood.  

RESOLVED, That the Sub-Committee

      I.         Revise the remaining project budget of £244,510 as set out in the finance tables in Appendix 3; including any interest accrued to complete the project in accordance with the Section 106 Agreement;

     II.         Approve of the budget adjustment summarised in table 2 Appendix 3;

   III.         Agree to undertake the Traffic Orders statutory consultation regarding the proposal to relocate up to four new Pay and Display parking bays in the project catchment area, as part of phase 2B public realm measures, as prescribed in Appendix 2. Subject to the outcome of the statutory consultation proceed to implement the relocated bays; and

   IV.         Agree that the Corporate Programme Management Office, in consultation with the Chairman of the Operational Property and Projects Sub Committee and Chief Officer as necessary, is to decide whether any project issues or decisions that fall within the remit of paragraph 45 of the ‘City of London Project Procedure – Oct 2018’ (Changes to Projects: General), as prescribed in Appendix 3 of this report, is to be delegated to Chief Officer or escalated to committee(s).