Purpose

To approve additional resource and spend
approval to enable the award of the Construction
Contract.

Content

1.            
That the public and press be excluded from the
meeting by virtue of Paragraph 3 (Information relating to the
Financial or Business Affairs of the Authority) of Part 1 of
Schedule 12A of the Local Government Act 1792, in order that the
meeting may consider the confidential Annex to the
report.
2.            
That recommendation be made to Full Council to
approve additional temporary borrowing of £9.1m to cashflow
the delivery of the project in advance of the receipt of Tariff
contributions from the MK East development.
3.            
That resource allocation and spend approval be
revised in the 2023/24 Capital Programme to £15.2m and a
further £8.9m in 2024/25, which includes additional
borrowing.  This will enable the award
of the construction contract for the MK East Primary School and
Community Health Hub project. The borrowing will ultimately be
repaid from the Tariff developer receipts. The construction sum is
detailed in the Confidential Annex to the report.
4.            
That, subject to the approval of Full Council, as
set out at 2, the construction contract be awarded to Ashe
Construction Ltd to cover RIBA stages 5 to 7.
5.            
That, subject to approval of variations from Homes
England, delegated authority be given to the Director - Law and
Governance to complete necessary variations to both the Grant
Determination Agreement with Homes England and the Council’s
Grant Share Agreement with Berkeley St James to reflect the
programme revision.

Note

       
i.           
To add clarity the word ‘temporary’ has been added
to decision 2 with the agreement of the cabinet member and the
Section 151 Officer.

     
ii.           
Only decision 4 – 5 can be called-in.