Decision details

The Committee gave consideration to a report requesting the approval of drawdown of development funding from the Helensburgh Waterfront Development projects’ capital budget allocation to enable mitigation of risks associated with utility connections for the development site and to cover all fees through to the end of July 2020.

Decision

The Policy and Resources Committee –

1.    Noted the contents of the report.

2.    Approved a further drawdown from the approved budget to facilitate the delivery of the electrical point of connection, electrical enabling works contract, and professional fees.

(Reference:  Report by Executive Director with responsibility for Commercial Services dated 28 January 2020, submitted)