Purpose

Authority was sought from
Cabinet to move funding from the current Clock House scheme budget
to a single contingency pot for the Ramsgate schemes. The aim is to
support delivery of the existing schemes as the costs move from
design costs, to construction costs. The budget for the Clock House
remains within the programme for a refurbishment scheme to be
delivered.

Decision

Cabinet agreed the following:
 
1. 
To note that moving funding between themes and projects up to a
value of £5,000,000 is permissible under the Simplification
Pathfinder Project;
 
2. 
To the movement of £1,109,000 from the current Clock House
project which has a higher than required budget to a contingency
for Ramsgate projects;
 
3. 
To delegate authority to the Section 151 Officer in consultation
with the Leader of the Council, to approve the allocation of
contingency funding to the Ramsgate projects, except that;
 
4. 
To note that any potential future use of this contingency pot for
the Port Infrastructure project will be presented to Cabinet for
approval.