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.