Decision details
New Secondary School in the South of Wokingham
Decision Maker: Executive
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Purpose: To update the Executive on progress
and seek approval to changes to the funding of the
project.
Decision:
RESOLVED That:
1) additional funding of £6.9m be approved;
2) the provision of a contingency of £3.36m be approved;
3) the progress made by the project be noted;
4) the risks to the opening of the school and the contingency plans put in place be noted;
5) authority be delegated to the Director Finance and Resources to forward fund the project through short term borrowing of £7.5m in 15/16;
6) how the shortfall and contingency will be funded, as set out in paragraph 2.7 of the report, be noted.
Wards Affected: Arborfield;
Declarations: None
Dispensations: None
Reference Number: WBC786
Contact: Email: heather.thwaites@wokingham.gov.uk Tel: 0118 974 6425.
Report author: Heather Thwaites
Publication date: 28/05/2015
Date of decision: 28/05/2015
Decided at meeting: 28/05/2015 - Executive
Effective from: 06/06/2015
Accompanying Documents:
- New Secondary School in the South report PDF 179 KB
- Restricted enclosure View reasons restricted