Decision details

RESOLVED:

1.      That Cabinet agrees to fund £850,000 (out of a total project cost of £1,620,000) comprised of: 

·           £850,000 of capital funding towards the development of a new community space, dependent on the remaining funding being confirmed, and to be paid in staged payments, on evidence of spend

·           Including 5% to be held by SCC until final evidence of income, expenditure, building control sign-off and completion report provided

2.      That Cabinet authorises Legal Services to seal the Funding Agreement.

Reasons for Decisions:

This application has been the subject of a rigorous assessment process by officers, as set out in the body of this report. Officers consider the project to meet the aims and published criteria of the fund and to satisfy the requirements to award funding.

The project aims to extend the building with a new atrium, turning it into a welcoming and functional space to be used as a vibrant community hub for residents and is located in an identified Surrey County Council Key Neighbourhood.

(The decisions on this item can be called-in by the Communities, Environment and Highways Select Committee)