Issue - decisions

Proposed Solar Farm - Barkham

29/07/2021 - Proposed Solar Farm - Barkham

That, subject to securing the necessary planning consents, Council be asked to: 

 

1)               recommend the capital expenditure of the £20,283,000 funded from borrowing as previously set out in the Medium Term Financial Plan;

 

2)               approve delegation of decisions around the final extent and configuration of the Solar Farm to the Deputy Chief Executive (S151 Finance Officer) in conjunction with the Lead Member for Resident Services, Communications and Emissions where scheme amendments will not result in the average annual net income after capital financing costs falling below £200k;

 

3)               note the estimated net income (after running costs and capital financing costs) of £12.0m over 25 years (equal to £480k per year on average) will be introduced into the Councils annual budget using an equalisation reserve. 

 

4)               approve commencement of the Solar Farm at Barkham.