Decision details

* RESOLVED –

That the Cabinet recommends to the full Council that:

1.   The updated General Fund Capital Programme expenditure and financing arrangements, as set out in Appendix A to the officer’s report, be approved.

2.   The new schemes, as outlined in paragraph 6.1 of the officer’s report, be noted.

3.   The proposal to undertake further work to finalise the strategy document required to take advantage of the Government’s capital receipts flexibility rules, be approved.

4.   The proposal to defer the repayment of prudential borrowing from capital receipts, including that in respect of the Queens Park Sports Centre and Market Hall refurbishment projects, be approved.

5.   That the proposed changes to the methods used to finance current schemes, be approved.

REASON FOR RECOMMENDATIONS

To update the Council’s General Fund Capital Programme and ensure that it is affordable and deliverable over the medium term.