The Executive RESOLVED:
1. To authorise officers to finalise and settle the negotiated settlement with Armfield Construction Ltd on the broad terms set out in the report, with the agreement of the detailed legal documents delegated to the Section 151 Officer and Portfolio Holder for Finance in consultation with the Borough Solicitor; and
2. in accordance with Waverley’s approved scheme of virement, to vire £375,000 of capital budget from the Frensham project to the Memorial Hall capital scheme budget to meet the unbudgeted contractor cost resulting from this settlement.
[VALUE FOR MONEY AND CUSTOMER SERVICE OVERVIEW AND SCRUTINY COMMITTEE]
[Reason: To consider options that resulted from the Adjudication process and agree a course of action to resolve the matter in relation to the Memorial Hall contractual dispute, with a virement decision as a financial solution].