Issue - meetings

Report of the Leader of the Council seeking additional funding to ensure the delivery of the project, attached.

The report of the Leader of the Council was submitted seeking additional funding to ensure the delivery of the project.

RESOLVED

(i)  that in accordance with Financial Procedure Rules, an additional sum of £1,959,000 be added to the Leader’s Capital Programme for delivery of the New Arts Complex Project and that this be funded from Council resources;

(ii)  that the Chief Financial Officer be granted delegated authority, following consultation with the Cabinet Member for Finance, to determine the most appropriate way of financing this sum;

(iii)  that it be noted that the scheme value changes from £23,150,000 to £25,109,000, with a revised phasing of £9,458,000 in prior years, £10,457,000 in 2015/16, £5,016,000 in 2016/17 and £178,000 in 2017/18; and

(iv)  that delegated authority be granted to the Head of Leisure, Culture, Planning and Transport to complete all operational matters including the granting of leases.

NOTE: Councillor Pope abstained from voting on the above matter.