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DETAILS OF DECISION:
(Attach additional sheets if required) In order to undertake works
in the existing public highway, it is necessary for a developer
(Guildford Borough Council in this case) to enter into an agreement
with the Highway Authority (Surrey County Council), to be given the
permission to do works.
This agreement will define the works to be done, which have been
technically approved by SCC, the cost of the works and any other
costs payable to SCC. These costs are outlined below.
Costs payable to SCC:
• 12% fee = £184,627
• Commuted sum = £58,612
• Legal expenses = £2,000
• Traffic Regulation Order = £18,500
• Road Safety Audit = £2,000
Total payable to SCC = £399,448
SCC require that a cash bond or surety is provided as part of the
agreement which would cover the full cost of the works, with 10%
being released on the completion of the works and with this final
retention to be released on completion of the statutory maintenance
period (1 year).
GBC will be entering this agreement with their surety provider whom
they have already indemnified. The premium will be 0.9% on the cost
of works, for a minimum of two years and will be £27,694 for
this agreement.