To update Members on the Museum of Oxford Hidden Histories Redevelopment Project;

o   To update Member on the Museum of Oxford Hidden Histories Redevelopment Project

o   To request approval to the revised project budget.

Council considered a report from the Head of Community Services seeking approval of the revised project budget for the Museum of Oxford Hidden Histories Redevelopment Project.

Councillor Sinclair, Board Member for Culture and Communities, presented the report and moved the recommendations.

Council resolved to:

1.    increase the project’s overall capital budget by £611,754 to £2,842,804 and the Councils capital contribution from £315,000 to £1,340,106 to be financed by prudential borrowing in accordance with paragraphs 22 and 25 of the report; and

2.    note the increase in the Councils revenue budget in respect of the additional cost of operating the new museum of £30k per annum with effect from 2020/21 which will be raised during the forthcoming budget setting process (paragraph 28 of the report).