Purpose

Reason for the
Decision

 

The Weymouth Quay
Regeneration project has been delayed over the last 4 years for a number of reasons including the covid pandemic, but also
the resulting insolvency of the main contractor who had been selected to carry
out the work. Inflationary increases in materials and fluctuating costs have
made it difficult for contractors to quote for the work, but we are now able to
go into contract with Knights Brown to deliver the quayside work. The
improvements that are to be made to the quayside will improve the public realm
and provide support to harbour users and commercial fishermen with the
intention of sustaining and creating employment. The improvements will also
generate additional income to the harbour and improve harbour facilities.

 

Alternative Options
considered and rejected

N/A

 

Consultees

Cllr Mark Roberts,
Chair of the Harbour Advisory Committee

 

Budget Implications

The harbour reserve
was forecasted at the June 2023 Harbours Advisory Committee to hold in excess of £2.9m at the end of the 2023/24 financial year.
It is likely with additional parking income from the peninsula and other car
parks belonging to the harbour that this amount will be higher. 

 

Legal Implications

 

The Weymouth
Harbour Revision Order states that (3) Any reserve fund established
or maintained under this article shall from time to time be applied by the
Council in its discretion­ (a) in or towards meeting any deficiency on the
harbour revenue account in any year; or (b) to meet any extraordinary claim or
demand in respect of the harbour undertaking; or (c) in or towards payment of
the cost of renewing, improving, extending or replacing any part of the works
forming part of the harbour undertaking or any vessels, plant or equipment of
the Council connected to the .harbour undertaking; or (d) for improving the
operational area and the navigation of the harbour and the approaches to the
harbour; or (e) for any other lawful purpose sanctioned by the Council and
connected with the harbour undertaking.

 

The use of part of the Harbour reserve for the purpose
proposed meets the requirements of the HRO.

 

Any Conflict of
Interest?

None

 

Content

Approve the use of
Harbour Reserve funds up to £400k