Decision Maker: Cabinet
Decision status: Deleted
Is Key decision?: No
Is subject to call in?: Yes
This report will detail the latest cost estimate and viability appraisal and seek confirmation and budget allocation for the development to proceed.
The Public are likely to be excluded from any
discussion at which this report is considered on the grounds that
it is likely that there would be a disclosure to the public of
‘exempt information’ of the description specified in
Paragraph 3 (Information relating to the financial or business
affairs of any particular person (including the authority holding
that information)) of Part I of Schedule 12A to the Local
Government Act 1972.
RESOLVED
1) Having noted the updated information relating to the capital cost of the project, the operating income and the return on the investment referred to in section 5.3 which is outlined in the Appendix, that the continuation of the project be approved, subject to consultation with the Cabinet Member for Commercial Services and her special adviser.
2) That £88,500 of the allocated budget be released to appoint an architect and design team consultants to proceed to planning stage and to tender for the construction of the Centre; and that a further report is to be presented to Cabinet on the outcome of the construction tender process.
3) Following the completed tender process for the operational management that contractor A in the appendix section three (exempt information) be approved as the operational management company, subject to the eventual delivery of the project.
RECOMMENDED TO COUNCIL
Having noted that the total estimated cost of the project is £6,245,860 (details in appendix section 1.0 (exempt information)), that the additional budget of £2,224,860 be allocated from capital reserves.
Report author: Mr Patrick Harrison
Publication date: 09/07/2015
Date of decision: 07/07/2015
Decided at meeting: 07/07/2015 - Cabinet
Effective from: 16/07/2015
Accompanying Documents: