Purpose

To provide Cabinet with a
monthly update regarding:
 

·        
Ongoing construction work at 24 High Street,
Wisbech

·        
Work regarding 11-12 High Street, Wisbech will now
be covered in other reports from this point forwards.
 

To highlight additional costs incurred for the
construction of 24 High Street, as detailed in the January 2025
Cabinet report and to seek formal approval from Cabinet for this
additional funding.

Content

AGREED to:
 
·        
delegate authority to the S151 officer, working in
conjunction with the Portfolio Holder for Finance, to fund the
additional £265,000 identified as necessary, at this time, to
complete the construction of 24 High Street. This cost is a
contractual obligation as part of building work.
·        
Note that until the building is completed there may
be other additional costs, albeit these are anticipated to be more
minor in nature, as the complex part of the building works are
completed. It is anticipated that further costs will be addressed
by way of a Portfolio or Officer Decision Notice.