NDC+Wards+Corner+Budget

Please find bellow the relevant information in response to your email dated on the 6th of November.

The Government Office of London (GOL) approved a budget of £500,000.00 for the financial year 2007/08 to fund the enabling activities of the Wards Corner Redevelopment Project which comprised the following items:

· Project management and monitoring functions including interface with the developer, · Coordination of the relevant consultation with all stakeholders, · Provision of advice and support on the relocation of business within the area affected by the CPO (Compulsory Purchase Order), · Professional services associated with the implementation of the CPO process, · Feasibility and Options Appraisal Studies related to relocation of the LBH Customer Service Centre from the APEX House, · Feasibility and Options Appraisal Studies related to the provision of affordable housing, · Provision of environmental improvement works in the area surrounding the site.

Finance monitoring of this budget is reported to the Director of Finance L.B. of Haringey and the GOL on a quarterly basis. If the planning approval is granted, the NDC contribution to the Interim Gap Funding is £1.5 million and will be paid to the developer under the terms of the development agreement. Overall spending of the project will be monitored against the master programme of the development project based on open book accounting arrangement between the developer and the NDC.

Niall Bolger Director, Urban Environment