What are the estimated relocation and capital costs of putting the library in the Dolphin Centre? How is it proposed this is funded? From receipts of the sale of Cockerton and/or Crown Street or general funds?
The estimated cost of relocation of the Library is £1.1m this amount allows for the structural changes required and full fit out of the library. We intend to produce a mixture of modern vibrant areas together with more traditional elements hopefully recycling some of the elements of Crown Street into the latter. There is an additional amount included in the MTFP of £600,000 to replace plant and equipment in the Dolphin Centre which will be undertaken at the same time to remove the need for more interruption to provision at another time. The £1.7m is to be funded by prudential borrowing and will be repaid from within the Library and Dolphin Centre budgets and this repayment is taken into account when calculating the savings from the relocation of the library.Back