Agenda item

Report of the Interim Executive Director Environment.

The Sub-Committee received a Gateway 3/4/5 report of the Interim Executive Director Environment.

RESOLVED – That Members of the Sub-Committee

1.         Note and approve the associated contents of this report;

2.         Approve an increase in the approved budget of £831,006 (an increase of £686,777, excluding costed risk and commuted maintenance) to reach Gateway 6, following receipt of funds from the Developer in late December 2023;

3.         Approve the Risk Register in Appendix 3 and the requested Costed Risk Provision of £139,000, and that the Executive Director Environment is delegated to authorise the drawdown of funds from this register;

4.         Approve the Commuted Maintenance sum of £5,229;

5.         Note the revised total project cost of £931,006 inclusive of costed risk and commuted maintenance as detailed in Appendix 2 of the Officer report;

6.         Approve the design option, shown in Appendix 4 of the Officer report, for construction.

7.         Agree that the Corporate Programme Management Office, in consultation with the Chairman of the Streets & Walkways Sub Committee and Chief Officer as necessary, is to decide whether any project issues or decisions that falls within the remit of paragraph 45 of the ‘City of London Project Procedure – Oct 2023’ (Changes to Projects: General), as prescribed in Appendix 8 of the Office report, is to be delegated to Chief Officer or escalated to committee(s).