Meeting documents
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To approve the business case for the Gerrards Cross Car Park project
Decision:
Cabinet received a report which sought approval for the final business case for provision of additional parking in Station Road Gerrards Cross. Planning consent had been granted for expanding the Station Road Car Park to provide a total of 442 parking spaces and to enable this project to proceed the Council would need to invest a further estimated £13.051m. The proposal was for this to be financed by way of a loan from the Public Works Loan Board. The expanded car park was expected to increase annual income by £431,000.
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RESOLVED that
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1. the final business case for the project be approved.
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2. the construction period would be January-December 2020 unless agreement could be reached to allow the car park to be closed over the 2019 Christmas trading period, be noted. |
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3. the Head of Environment be authorised to conclude the delivery agreement between Balfour Beatty and the Council for the construction phase.
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4. the Head of Finance be authorised to carry out the necessary arrangements to obtain the loan finance.
RECOMMENDED to Full Council that the Capital Programme for the Station Road Car Park be amended to the following: 2019/20 £5,000,000 2020/21 £8,051,000 |
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Report author: Chris Marchant
Publication date: 17/10/2018
Date of decision: 17/10/2018
Decided at meeting: 17/10/2018 - Cabinet
Effective from: 27/10/2018
Accompanying Documents:
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