Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: October 9, 2025

Purpose:

Content: Decision: Vire the sum of £180,625 from the Capital Contingency Fund to the Midleton Industrial Estate Redevelopment budget in order that the project can be closed. Reason(s): 1.     The reason for the recommendation is to balance and close the project budget at the completion of the scheme. The additional funding is required to close the budget due to existing overspend now that final account has been settled.  2.     As this project was the fourth and final phase of a wider redevelopment of the Midleton Industrial Estate, there was insufficient contingency remaining within the approved budget to absorb the additional cost. Other options considered and rejected by the Executive: Option 1, not to vire the funds. Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: None.