Issue - meetings

To consider the recommendations of the Executive in respect of the Capital Programme and Strategy 2019/22.

RECOMMENDATION That the Council is asked to:

1)        approve the Capital strategy for 2019/22 - Appendix A;

2)        approve the 3 year capital programme 2019/22 – Appendix B;

3)        note the draft vision for capital investment over the next 10 years - Appendix C;

4)         approve the developer contributions S106 and CIL as set out in Appendix D. The S106 and CIL values are estimated and approval is sought up to the scheme budget;

5)        note the commercial activities of the Council – Appendix E.

It was proposed by Julian McGhee-Sumner and seconded by Anthony Pollock that the Capital Programme and Strategy for 2019/22, as set out on Agenda pages 93 to 130, be approved.

Upon being put to the vote it was:

RESOLVED That:

1)   the Capital Strategy for 2019/22, as set out in Appendix A to the report, be approved;

2)   the three year Capital Programme for 2019/22, as set out in Appendix B to the report, be approved;

3)   the draft Vision for Capital Investment over the next 10 years, as set out in Appendix C to the report, be noted;

4)   the developer contributions, S106 and Community Infrastructure Levy (CIL), as set out in Appendix D to the report, be approved (noting that the S106 and CIL values are estimated and approval was sought up to the scheme budget);

5)   the commercial activities of the Council, as set out in Appendix E to the report, be noted.

That Council be recommended to:

1)         approve the Capital strategy for 2019/22 - Appendix A;

2)        approve the 3 year capital programme 2019/22 – Appendix B;

3)        note the draft vision for capital investment over the next 10 years - Appendix C;

4)         approve the developer contributions S106 and CIL as set out in Appendix D. The S106 and CIL values are estimated and approval is sought up to the scheme budget;

5)         note the commercial activities of the Council – Appendix E.

The Executive considered a report setting out the proposed Capital Programme and Strategy for 2019/22.

The Executive Member for Finance went through the report and advised Members that there was one correction on page 44 of the agenda in that the Council planned to make capital investment of £486 million over the next three years and not “£484 million over the next 10 years” as stated in the covering report. 

Councillor Pollock commented that although the Capital Programme was ambitious it was one he believed was affordable, prudent and sustainable and highlighted a number of areas where improvements would be made to services provided to residents.

RESOLVED that Council be recommended to:

1)         approve the Capital strategy for 2019/22 - Appendix A;

2)        approve the 3 year capital programme 2019/22 – Appendix B;

3)        note the draft vision for capital investment over the next 10 years - Appendix C;

4)         approve the developer contributions S106 and CIL as set out in Appendix D. The S106 and CIL values are estimated and approval is sought up to the scheme budget;

5)         note the commercial activities of the Council – Appendix E.