Decision details

To consider a report of the Leader of the Council seeking approval to revise the QE2 Mile programme and vire funding within the Economic Development Capital Programme, in accordance with Financial Procedure Rules.  

(i)  Approve the reprioritised programme for the QE2 Mile as detailed in paragraph 12 and Appendix 1 of the report. 

(ii)  Approve in accordance with financial procedure rules the transfer of £190,000 in 2010/11 from the QE2 Mile Programme to the Guildhall Square scheme within the Leaders Capital Programme to provide for additional costs which have been incurred.

(iii)  Approve in accordance with financial procedure rules the transfer of £420,000 in 2012/13 from the QE2 Mile Programme to the scheme to redevelop the former Tyrrell and Green site for an arts complex and enabling development within the Leaders Capital Programme.

(iv)  Delegate authority to the Head of City Development following consultation with the Leader of the Council to approve future projects within existing financial rescores that complement the QE2 Mile Programme, in line with the Financial Procedure Rules.

(i)  The re-prioritised programme will allow other projects to be progressed such as the installation of the QE2 anchor and the delivery of Bargate Square.

(ii)  There have been variations to the work in order to facilitate the working interfaces of a number of other neighbouring projects. These variations relate to some redesign, abortive work and the cost of delay to the contractor. These additional costs can be contained by reprioritising the QE2 Mile programme.

(iii)  Cabinet approved a report in September 2009 relating to the redevelopment of the Tyrrell and Green department store. The confidential appendix to the report set out an indicative cash flow as to how this project could be funded. The reprioritised QE2 Mile programme will enable the transfer of capital funds to this project.

(iv)  Future projects that are identified which complement the QE2 Mile can be approved under delegated authority in line with the Financial Procedure Rules.

To do nothing will result in a shortfall of funding for GHS and redevelopment of the Tyrrell and Green department store for an arts complex and enabling development.  In addition a scheme design and cost estimate for Bargate Square will not be produced.