1. That the scheme to refurbish Hammersmith Library at a cost of £1.99m which is fully funded from section 106 (£1.65m) and the existing planned maintenance budget (£0.34m), be approved.
2.
That the draw-down of £925,000 section 106
funding that has already been received by the London Borough of
Hammersmith and Fulham from the Hammersmith Car Park Construction
scheme, be approved.
3.
That temporarily forward funding and bearing the
risk of the balance of section 106 funding associated with the
Hammersmith Car Park Construction scheme (£725,000) that is
currently outstanding but expected to be available in April 2014,
and to the draw down of that sum to spend or reimburse as required,
the temporary finance being sourced from the corporate capital
reserve and only used in the event that the outstanding S106
financing is not received prior to a requirement to fund
expenditure as per the accounting cycle, be agreed.
4.
That the proposal to relocate the Archives Service
to Hammersmith Library and to undertake additional works to the
library on the proviso that £700,000 Section 106 funding is
secured as set out in paragraph 5.8 onwards of the report (of which
£510,000, including fees, will relate to the creation of the
new Archives location, £50,000 to move the service to the new
location, a £50,000 allowance made for alternative service
provision during the closure period, and the remainder used to
purchase new stock), be approved.
5.
That temporarily forward funding and bearing the
risk of £700,000 of additional section 106 funding associated
with the Kings Mall Car Park development and to the draw-down of
that sum on the proviso that planning permission is granted on the
site with the associated section 106 agreement included in the Head
of Terms, the temporary finance being sourced from the corporate
capital reserve and only used in the event that the outstanding
S106 financing is not received prior to a requirement to fund
expenditure as per the accounting cycle, be approved.
6.
That the provision of £55,000 one off revenue
contingency funding from April 2013 to allow the continued delivery
of an Archives and Local Studies service and to prepare and
rationalise the collections prior to transfer to their new
location, be approved.
7. That delegation of the authorisation of the future spend of the drawn down Section 106 monies to the Deputy Leader and Cabinet Member for Residents Services, in consultation with the Executive Director for Environment, Leisure and Residents Services and the Executive Director of Finance and Corporate Governance, be approved.