Agenda item

Report of the Director of the Built Environment

The Committee considered the report of the Director of the Built Environment. Members were informed that the aim of the project was to achieve complete transformational change in the Aldgate area through the removal of the existing gyratory system and the creation of new enlivened public spaces.

Members noted that CCTV equipment would be included in the design of the area and adequate coverage would be provided.

Members noted that the ‘Middle Specification Option’ would see the rill water channel and associated channel lighting removed from the water feature. Members noted that this option excluded some highly desirable features of the project. The Committee agreed that their preferred option of those proposed would be the ‘Full Specification Option’ which would deliver a total transformation of Aldgate and the creation of a new iconic public space.

RESOLVED: That the Open Spaces and City Gardens Committee confirmed that it was only able to accept ongoing responsibility for this project subject to the following:

·       That the revenue implications for the initial five years following construction be met through S106;

·       That the future revenue budget increases for the following 15 years should be funded by draw down against future CIL; and

·       That authority be given to the Director of the Department of the Built Environment to seek additional sources of funding for the project, including further Transport for London funding and utilise this funding provided this has no negative impact on the City Corporation resources.