Issue - meetings

Report of the Cabinet Member for Environment and Transport seeking approval to add additional funding to the Environment and Transport Capital Programme, attached.

DECISION MADE: (CAB 13/14 10433)

On consideration of the report of the Cabinet Member for Environment and Transport, Cabinet agreed the following:

i.  Subject to the decision of Council to approve the recommendations set out above, to approve the procurement and delivery of the Bridges to Prosperity capital scheme; and

ii.  To delegate authority to the Interim Director of Environment and Economy to make decisions necessary to procure and deliver the Bridges to Prosperity scheme within the overall approved budget.

Report of the Cabinet Member for Environment and Transport seeking approval for additional funding to be added to the Environment and Transport Capital Programme, attached.

The report of the Cabinet Member for Environment and Transport was submitted seeking approval for additional funding to be added to the Environment and Transport Capital Programme. (Copy of report circulated with the agenda and appended to the signed minutes).

RESOLVED

1. That the award of £2,470,000 of Local Pinch Point funding from the Department for Transport (DfT) be accepted;
2. That the addition of £2,470,000 to the Environment and Transport Capital Programme funded from the DfT Local Pinch Point Fund Government Grant be approved;
3. That the addition of £410,000 to the Environment and Transport Capital Programme funded from the 2015/16 Itchen Bridge Maintenance Fund (Revenue) be approved;
4. That the addition of £400,000 to the Environment and Transport Capital Programme funded from the 2014/15 Local Transport Plan Government Grant be approved;
5. That capital variations to the Environment and Transport Capital Programme totalling £910,000 in 2013/14 as detailed in Appendix 3 of the report be approved;
6. That as part of the above recommendations, a major scheme called “Bridges to Prosperity” would be created in order to maintain the major bridges in the City with a total budget of £4,190,000 and that the funding and detailed project expenditure as set out in Appendices 1 and 2 of the report be noted;
7. That in accordance with Financial Procedure Rules, capital expenditure of £4,190,000 on the Bridges to Prosperity scheme with phasing of £1,590,000 in 2013/14, £2,190,000 in 2014/15, and £410,000 in 2015/16 be approved; and
8. That there was an obligation on the Council from DfT to cover any unbudgeted additional costs associated with the scheme be noted.