Redevelopment of 5-7 Church Street

Photo of the outside of the Town Council offices set in Stony Stratford Market SquareLatest Update on the Redevelopment of 5-7 Church Street - 19th February 2020

We couldn’t have been more disappointed that all the tenders submitted for this project came in over our budget.  This was mainly due to the high quotes for bringing the building’s wiring up to standard.  However, following advice from the MKC Procurement Team, it has been agreed that the specification be further pared back, without compromising on quality for the essential items e.g. new staircase and entrance.  A new tender will then be issued stating what the budget for the project is.  If you are a business or an individual and would like to make a donation towards this project, please contact the Town Clerk for our bank details

Update on the Redevelopment of 5-7 Church Street - 1st July 2020

1. PUBLIC WORKS LOAN BOARD (PWLB) LOAN: At its meeting of 3rd July 2019, this Council resolved to seek the approval of the Secretary of State for Housing, Communities and Local Government to apply for a PWLB loan of £200,000 over the borrowing term of 30 years for the purpose of undertaking major improvements to the 5-7 Church Street building. The annual loan repayments will come to around £9,490.80. Council RESOLVED (Min20/095) to approve the revised wording in line with the Ministry of Housing, Community and Local Government requirements. NOTE: the loan will only be taken up if the tenders received fall within the £200,000 budget (this doesn’t include VAT which will be reclaimed)

2. 2021/22 INCREASE TO PRECEPT FOR THE PURPOSE OF THE LOAN REPAYMENTS ON 5-7 CHURCH STREET:  The Council intends to increase in the Council Tax precept for the purpose of the loan repayment of 4.25% which is the equivalent of an additional £3.72 (per household) a year. This has already been the subject of a precept increase consultation (the results of which were publicised).

3. TENDER SPECIFICATION:  Consultants were appointed to write the specification and carry out the pre-tender checks e.g. Asbestos, Structural work (to ensure there will be sufficient support once the stairs have been moved from the centre of the room).  Pre-tender expressions of interest were invited (using the Local Government Shared Services Procurement Services (LGSS)) during Feb/March which resulted in 30 expressions of interest.   It is envisaged that the Invitation to Tender will be ready during the week of 6th July 2020.  The tender will be open for four weeks and (subject to tenders being within the allocated budget) work is scheduled to start on site 1st September 2020.  The redevelopment will take approximately 6 months.  

For further information, please see minutes of the Property Development Committee meetings: http://www.stonystratford.gov.uk/town-council-meetings/property-development-committee, or contact our Town Clerk, Lynne Compton on either office@stonystratford.gov.uk or 01908-566726

Background Documents

Report for Full Council from the Property Development Committee

Latest Feasibility Study

QS Estimated Costings

Town Clerk Preliminary Finance Report

Tender Public Notice  - Contract for Refurbishment of Stony Stratford Library 

5-7 Church Street Consultation

Consultation Timetable