Issue - meetings

Report of the Deputy Chief Executive

The Leader MOVED seconded by Councillor Mrs C P Daw:

That the recommendation of the Cabinet as set out in Minute 157 be ADOPTED.

The Chairman MOVED in accordance with Procedure Rule 19.7:

“That the vote in respect of this MOTION shall be by Roll Call”

A roll call of Members present at the meeting was then taken.

Those voting FOR the MOTION: Councillors: G Barnell, J Bartlett, J Buczkowski, W Burke, J Cairney, R J Chesterton, S J Clist, Mrs C A Collis, Mrs F J Colthorpe, D R Coren, L Cruwys, Mrs C P Daw, R J Dolley, J M Downes, C J Eginton, R Evans, P J Heal, B Holdman, D J Knowles, F W Letch, Ms E J Lloyd, B A Moore, S E Pugh, D F Pugsley, R F Radford, C Slade, Mrs E J Slade, Mrs M E Squires, L D Taylor, B J G Warren, A Wilce, Mrs N Woollatt, J Wright, A Wyer.

Those voting AGAINST the MOTION: Councillors: None

Those ABSTAINING from voting: Councillors: R L Stanley

.

The MOTION was declared to have been CARRIED.

Reason for Decision – There is a need for the Council to set the Capital Programme.

Report of the Deputy Chief Executive, this item will be discussed under the general exception clause.

The Cabinet were presented a report* which proposed the 2023/24 Capital Strategy which also sought approval of the 2023/24 Capital Programme and requested the Cabinet noted the indicative Capital Programmes for 2024/25 to 2027/28.

The Deputy Chief Executive explained that 3 Rivers could not enter into any development opportunities prior to business cases being presented to Cabinet for approval, before any lending could be made.

RESOLVED to Recommend to Full Council:

1.     That the proposed 2023/24 Capital Strategy is approved.

2.     To approve in principal the current estimated amounts of Slippage of £6,201k from the 2022/23 Deliverable Capital Programme and £33,231k of 2022/23 Capital Programme expenditure profiled over the life of the MTFP. This will be finalised and formal approval sought as part of 2022/23 Outturn report.

3.     The overall Capital Programme for projects commencing in 2023/24 of £98,375k be approved and the indicative Capital Programmes across the four remaining years of this Medium Term Financial Plan covering 2024/25 to 2027/28 be noted.

4.     To approve the 2023/24 Deliverable Budget based on the forecast spend profile of £64,826k, this will include elements of amounts detailed in recommendations 2 & 3 above and will form the budget to monitor against in 2023/24, subject to any changes referred to in recommendation 2 at Outturn.

(Proposed by Cllr B G J Warren and seconded by Cllr A Wilce)

Reason for Decision: As stated in the report

Note: *report previously circulated and attached to the minutes

The Cabinet were presented a report* which proposed the 2023/24 Capital Strategy which also sought approval of the 2023/24 Capital Programme and requested the Cabinet noted the indicative Capital Programmes for 2024/25 to 2027/28.

The following was discussed:

-        It was confirmed that the proposed lending to 3 Rivers Developments Ltd was included within the figures in recommendation 3 of the capital strategy.

RESOLVED: That Cabinet recommend to Council the following:

1.     That the proposed 2023/24 Capital Strategy is approved.

2.     To approve in principal the current estimated amounts of Slippage of £6,201k from the 2022/23 Deliverable Capital Programme and £33,231k of 2022/23 Capital Programme expenditure profiled over the life of the MTFP. This will be finalised and formal approval sought as part of 2022/23 Outturn report.

3.     The overall Capital Programme for projects commencing in 2023/24 of £98,375k be approved and the indicative Capital Programmes across the four remaining years of this Medium Term Financial Plan covering 2024/25 to 2027/28 be noted.

4.     To approve the 2023/24 Deliverable Budget based on the forecast spend profile of £64,826, this will include elements of amounts detailed in recommendations 2 & 3 above and will form the budget to monitor against in 2023/24, subject to any changes referred to in recommendation 2 at Outturn.

(Proposed from the Chair)

Reason for Decision: As stated in the report.

Note: *report previously circulated and attached to the minutes