Decision details

Before the Committee was a report by the Director for Housing and Communities, copies of which had been circulated to all Members and a copy of which is attached to the signed copy of these minutes as Item 17.

Members were given the latest position on the Albion Street new build project and sought approval of additional funds to support its delivery. The main contractor had become insolvent in August 2023 and a completion contract was underway, however the cost to complete was higher than anticipated and an additional budget was required to complete the work.

The report set out the background to the project, the latest position on costs and likely completion programme and sets out the financial implications for the Council.

Decision:

1)     That the anticipated net increase in costs, and that the impact on scheme viability is that it still achieves the necessary financial targets be noted.

2)     To approve the virement of an additional budget of £994,411 to enable the project at Albion Street to be completed. To vire £841,050 from existing budgets for the small sites programme, not currently committed to schemes. The remaining £153,361 is to be vired from  capital budgets remaining from projected underspends for sites; Wilmot Road, Daniel Close and Gravelly Crescent.

3)     That authority be delegated to the Director For Housing and Communities to enter into all necessary contracts and associated legal documentation to enable the project to progress through the remaining construction phase to completion

Call In:

The call-in deadline for the decisions will be 5.00pm on 29 July 2024