Funding for Major Capital Projects

September 11, 2024 Key decision Approved View on council website
Full council record
Content

Resolved:-
 

(1)         
that approval be granted for an additional budget
allocation totalling £17.768m to complete the refurbishment
of the following low and high blocks -.
·   
Alfred Gunn House - £6.904m
·   
Darley House - £5.289m
·   
The Lakes - £4.783m
·   
Thorn Close - £0.792m

 

(2)         
that cabinet endorse and recommend to Full Council
that the 2024/25 Housing Revenue Account Capital Programme be
varied and increased by £17.768m to reflect the reprofiling
of the capital budget and the increased costs of delivery;

 

(3)         
that authority be delegated to the Executive
Director of Place, in consultation with the Executive Director of
Finance and Transformation, to remodel the Housing Revenue Account
(HRA) Capital Investment Programme to accommodate the increased
costs set out at (1) above;

 

(4)         
that authority be delegated to the Executive
Director Place, in consultation with the Executive Director,
Finance and Transformation and the Monitoring Officer/Assistant
Director – Legal and Assurance, to appoint a suitably
qualified and experienced construction professional to undertake a
detailed post completion review of the projects identified and to
make such recommendations for improvement in the management of
major capital contracts as they may see fit.
 
 

Related Meeting

Cabinet - Wednesday, 11th September, 2024 3.30 pm on September 11, 2024

Supporting Documents

Report - Funding for Major Capital Projects.pdf

Details

OutcomeRecommendations Approved
Decision date11 Sep 2024
Subject to call-inYes