Councillor Cutler (Cabinet Member for Finance and Performance) moved that the recommended minute of Cabinet be approved and adopted (seconded by Councillor Tod, Leader and Cabinet Member for Asset Management).
Council proceeded to ask questions and then debate the matters in the recommended minute and report.
RESOLVED:
That the recommended minute of Cabinet held 8 February 2024 (as follows) be approved and adopted:
1. The Capital Investment Strategy be approved including:
(i) the Capital Programme and Capital Programme Financing (Appendices A and B to report CAB3443);
(ii) the Minimum Revenue Provision (MRP) Policy Statement (Appendix E of the report);
(iii) the Flexible Use of Capital Receipts Strategy (Appendix G of the report); and
(iv) the prudential indicators detailed in the report and Appendix F of the report.
That Cabinet recommends to Council*:
1. The Capital Investment Strategy be approved including:
(i) the Capital Programme and Capital Programme Financing (Appendices A and B to report CAB3443);
(ii) the Minimum Revenue Provision (MRP) Policy Statement (Appendix E of the report);
(iii)the Flexible Use of Capital Receipts Strategy (Appendix G of the report); and
(iv)the prudential indicators detailed in the report and Appendix F of the report.
That Cabinet:
2. Subject to Council approval of the capital programme, approves the following capital expenditure in 2024/25:
(i) IMT equipment and software (£30,000) as detailed in paragraph 11.8.7 of the report;
(ii) £191,000 (subject to successful UKSPF funding bid) on Friarsgate Medical Centre interim open space (paragraph 11.2.4 of the report);
(iii) Up to £200,000 for essential repairs works to the Weirs (paragraph 11.2.4 of the report)
(iv) £40,000 in respect of fees for the replacement of North Walls pavilion (paragraph 11.2.4 of the report); and
(v) £485,000 for refurbishment works to the Guildhall to improve fire safety (paragraph 11.2.4 of the report).
3. Notes the requirement to ensure Members have the right knowledge and skills to undertake their governance role and that the ongoing support and training offered to members is continued and enhanced as required.
*NB recommendations to Council are not subject to call-in.