Issue - meetings

RECOMMENDED:      1)         That the Capital and Local Property Investment Fund  Strategy 2017-2021 as attached to the report be approved.

2)      That a Local Property Investment Fund be set up and managed as detailed in the Capital and Local Property Investment Fund Strategy 2017-2021 as attached to the report.

Reason for Decision

The previous capital strategy was approved in 2009 and is overdue for review

The Assistant Director – Finance presented a report which set out the Capital and Local Property Investment Fund Strategy, which supported by a number of other documents, provided a framework for the delivery of the capital programme and ensured that capital investment was directed to the Council’s Corporate Priorities and helped achieve the Financial Sustainability Plan. It therefore provided the rationale for any capital spending and property investment plans.

In response to a question on the delegation set out in the report for the use of the Policy it was explained that the decision would be taken after consultation with the Leader and 2 cabinet members, thus ensuring a Member not involved with any proposal would also be involved.  It was noted that the investment would be in the Borough.

Under Standing Order 34, Councillor Pope asked how members would know what decisions were being taken.  It was confirmed that once taken the decision would be published, either on the intranet or web depending on it being exempt.  Members of the Panels could carry out post decision scrutiny and review on how the decisions and the policy had worked holding those decision makers to account.

RECOMMENDED:  1)       That the Capital and Local Property Investment Fund  Strategy 2017-2021 as attached to the report be approved.

2)     That a Local Property Investment Fund be set up and managed as detailed in the Capital and Local Property Investment Fund Strategy 2017-2021 as attached to the report.

Reason for Decision

The previous capital strategy was approved in 2009 and is overdue for review