Issue - meetings

To consider the report of the Director of City Development seeking approval to inject additional funding into existing Capital Scheme No 16811 and Authority to Spend on the proposed improvement and refurbishment works at Kirkgate Market

Appendix 1 to this report is designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4 (3)

Further to Minute No. 77, 17^th September 2014, the Director of City Development submitted a report which sought approval to inject additional funding into existing Capital Scheme No. 16811 and which also sought Authority to Spend on the proposed improvement and refurbishment works at Kirkgate Market.

In discussing the contents of the submitted report, the Board noted the complex nature of the works being undertaken and a Member highlighted the need to ensure that the project continued to be closely monitored, both from a financial and also a timescales perspective.

Following consideration of Appendix 1 to the submitted report, designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4(3), which was considered in private at the conclusion of the meeting, it was

RESOLVED –

(a)  That an injection of £1.35m into existing Capital Scheme No.16811 be authorised in order to meet additional construction costs associated with the proposed improvement and refurbishment works at Kirkgate Market;

(b)  That an injection of additional funding, as detailed in exempt Appendix 1 to the submitted report, into existing Capital Scheme No. 16811 be authorised in order to provide contingency provision to address residual risks associated with the proposed improvement and refurbishment works at Kirkgate Market which remain the Council’s responsibility to address;

(c)  That approval be given to the ‘Authority to Spend’ the additional funding, as  detailed within the submitted report on the proposed improvement and refurbishment works at Kirkgate Market;

(d)  That the actions required to implement the decisions, and the proposed timescales to progress the project, as detailed in paragraph 3.2.1 of the submitted report, be noted.

(e)  That it be noted that the Chief Economic Development Officer and the Head of Markets will be responsible for the implementation of such matters.