Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To recommend to Council the annual
That the Executive recommends to the Council:
i. General Fund capital funding of £19.225m for 2020/21 in respect of those schemes listed in Annexes A – D of the Director:Finance’s report.
a) The inclusion of an additional budget of £1m for Invest to Save schemes.
b) The inclusion of £3.97m of expenditure to be funded from S106 and SANG as outlined in paragraph 5.15 of the Director:Finance’s report.
c) That those schemes that attract external grant funding are included within the Capital Programme at the level of funding received.
ii. Agrees that capital schemes that require external funding can only proceed once the Council is certain of receiving the grant.
iii. Confirms its support to investing land and cash to help secure development through a Property Joint Venture once it is established, noting that the financial parameters will be clearly set out in an initial Business Plan that will be approved by the Council later this year.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: Council's annual budget
Subject to Urgent Proceedings: No
Making Representations: In writing to the Director: Finance.
Other reasons / organisations consulted
Targeted consultation exercises will be
undertaken with business rate payers, the Over 50's Forum, the
Schools Forum, Parish Councils and voluntary organisations. In
addition, this report and all the supporting information will be
publicly available to any individual or group who wish to comment
on any proposal included within it. Internal consultation is via
officers, members and more specifically the Overview and Scrutiny
Commission and its panels.
Business rate payers, the Over 50s Forum, the
Schools Forum, Parish Councils and voluntary
Contact: Calvin Orr, Head of Finance & Business Services Email: email@example.com Tel: 01344 352125.
Report author: Calvin Orr
Publication date: 11/02/2020
Date of decision: 11/02/2020
Decided at meeting: 11/02/2020 - Executive
Effective from: 20/02/2020