Purpose

Update on Twickenham Riverside Development and
Authorisation to enter Construction Contract

Content

RESOLVED:
 
The Committee resolved to:
 
a) 
Note the update and progress made on the Twickenham Riverside
project.
 
b) 
Note the financial business case and funding workstreams.
 
c) 
 Note the updated appraisal of the
economic, social and environmental benefits of the project.
 
d) 
Approve the additional Council net investment of £16.80m
(total £37.00m), allowing for the income on the sale of
homes/commercial units, to deliver the Twickenham Riverside scheme
(total project cost of £67.19m) as detailed in the public and
exempt reports.
 
e) 
 Delegate to the Executive Director of
Environment and Community Services, in consultation with the
Executive Director of Finance, the authority for the Council to
enter into the construction contract for
the delivery of the Twickenham Riverside scheme at a contract value
as set out in the exempt report.