The Cabinet Member considered a report on the resurfacing of Thomas St (West) Car Park, Crewe, including the approval of the necessary capital expenditure and appointment of a contractor.
The present condition of the car park rendered it unsuitable for the imposition of charging or enforcement of regulations. The completion of work on the second half of the site would fulfil the requirements of control and space availability whilst providing the remainder of the estimated income.
A new capital scheme for Thomas Street Car Park with forecast expenditure of £105,000 was approved by Cheshire East Cabinet on 24th February 2009. Based on the previous experience of the works required on Thomas Street (East) car park, it was envisaged that the total cost of works would now fall below £100,000. However, when the scheme was approved it was classified as an "unfunded" scheme which, in order to proceed, would require the Service to find annual revenue savings of £24,000 (assuming a 5 year total payback) in order to fund the borrowing costs required. It was envisaged that the future income stream from pay and display charging on the car park, once it was operational, would be up to £30,000 per annum which would more than offset the financing costs of the scheme. In year 2009/10 this was expected to amount to £20,000 if charging commenced in August 2009.
RESOLVED
That provided that it is approved that the car park is to be brought into line with current charges at other car parks
(1) the scheme of expenditure for the resurfacing of Thomas Street (West) Car Park, Crewe be approved; and
(2) the Officers be authorised to engage a contractor for the scheme using the contractor previously selected by the former Crewe and Nantwich Borough Council, provided an exception is approved in accordance with the Council’s Contract Procedure Rules.