Issue - meetings

RECOMMENDED:  1)   That the amendments to capital schemes and resources for the 2015-2020 capital programme as detailed in the report be approved.

2)   That new capital bids which are to be funded from available capital resources and included in the capital programme 2016-2020 as detailed in the report be approved.

Reason for Decision

To report amendments, rephasing and resources to the 2015-2020 Capital Programme

Councillor Daubney presented a report which he felt was an exciting part of the Council’s work, the proposals were ambitious and contained:

·         revised the 2015/2016 projections for spending on the capital programme

·         set out an estimate of capital resources that would be available for 2015-2020

·         detailed new capital bids that were recommended to be included in the capital programme for the period 2016-2020

·         outlined provisional figures for capital expenditure for the period 2015-2020

Councillor Daubney drew attention to the work carried out in recent years as part of the capital programme such as the Tuesday and Saturday Market Places, the Bus Station, the Crematorium works, Nora and Major Housing.

The S151 Officer commented that it was the most ambitious capital programme within the resources available.  The report also gave an update on the key projects.

Councillor Daubney drew attention to the fact that the following day he was pleased he would be involved in introducing the new Innovation Centre to the press.

Councillor Beales commented that without the positive capital contributions to the major projects such as Nora and the Major Housing Scheme, it would be difficult to continue to deliver on the revenue side.  He reminded Members that it wasn’t the Council that benefited from such projects by the Council Tax payer and residents of the Borough.  He considered it ambitious but deliverable.

Councillor Mrs Nockolds concurred that the schemes put forward were for the people of the Borough, allowing the running of operational schemes and good quality, well maintained facilities.

In relation to the Bus Station, Councillor Blunt asked whether there was any contingency when a contractor did not deliver on cost.  Councillor Beales responded that there was a contingency but that would be spent on things such as an increase to the specification of the project.  All aspects by the Council had been delivered on time, but in this instance no notification was received of the costs and procedure was not followed.  The contactor was being asked to explain the overrun and a report would be considered on it.

The Resources and Performance Panel had considered the report and supported the recommendations.

RECOMMENDED:  1)   That the amendments to capital schemes and resources for the 2015-2020 capital programme as detailed in the report be approved.

2)   That new capital bids which are to be funded from available capital resources and included in the capital programme 2016-2020 as detailed in the report be approved.

Reason for Decision

To report amendments, rephasing and resources to the 2015-2020 Capital Programme