Decision type: Key

Decision status: For Determination

Wards affected: Finchampstead South;

Notice of proposed decision first published: 31/08/2021

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Yes - it is likely that part of the report will be considered at a private meeting of the Executive. This is because it is likely that the report will contain information relating to the business or financial affairs of individuals.
Due to potential changes in the construction and property market, primarily as a result of the pandemic, it is felt that a review of the cost assumptions in the business case would be prudent and deliver the necessary de-risking of the project if market fluctuations have arisen. This item has therefore been deferred from the September Executive

Decision due: 17 Feb 2022 by Executive

Lead member: Executive Member for Finance - Imogen Shepherd-DuBey

Lead director: Deputy Chief Executive - Graham Ebers, Director, Place and Growth - Giorgio Framalicco

Department: Commercial Property

Contact: Rhian Hayes Email: rhian.hayes@wokingham.gov.uk Tel: 0118 974 6090.

Reference Number: WBC1224

Explanation of 'on hold/withdrawn' items: Due to potential changes in the construction and property market, primarily as a result of the pandemic, it is felt that a review of the cost assumptions in the business case would be prudent and deliver the necessary de-risking of the project if market fluctuations have arisen. This item has therefore been deferred from the September Executive

Reason For Consideration: The report will update the Executive on a significant financial spend on the project (multi-million).