Issue - meetings

Report No: CAB/JT/18/027

Portfolio Holder: FHDC Cllr James Waters

Lead Officer: Alex Wilson

RECOMMENDED TO FHDC COUNCIL: (26 September 2018)

That:-

1.           On the basis set out in the exempt Appendix to Report No: CAB/JT/18/027, the final cost plan for the Mildenhall Hub project (including renewables and health facilities) be approved, and contractor appointments be made, subject to it still achieving at least the net revenue position previously agreed in 2017; and

2.           The Council’s Section 151 Officer make any necessary changes to the Council’s prudential indicators as a result of recommendation 1. above.

(Report No: CAB/JT/18/027)

The Joint Committee considered this report which reviewed the financial model for the Mildenhall Hub project before completion of the procurement of the main construction contract in Autumn 2018.

At the time of writing the report, the final cost plan was still under preparation, with market-testing of sub-contractor packages taking place and being appraised.  However, it was intended that a cost plan would be available before the FHDC Council meting on 26 September 2018.  It was also intended to appoint the selected contractor at the end of September 2018, so that they could mobilise for a start on site in October 2018.  These timings were important to maintain the programme in relation to completing works in 2020, with still some contingency around the school opening date.

          RECOMMENDED TO FHDC COUNCIL: (26 September 2018)

That:-

1.           On the basis set out in the exempt Appendix to Report No: CAB/JT/18/027, the final cost plan for the Mildenhall Hub project (including renewables and health facilities) be approved, and contractor appointments be made, subject to it still achieving at least the net revenue position previously agreed in 2017; and

2.           The Council’s Section 151 Officer make any necessary changes to the Council’s prudential indicators as a result of recommendation 1. above.