Issue - meetings

RECOMMENDED:      1)   That the amendments to capital schemes and resources for the 2016-2021 capital programme as detailed in the report be approved.

2)     That new capital bids are to be funded from available capital resources and included in the capital programme 2017-2021 as detailed in the report.

Reason for Decision

To report amendments, rephasing and resources to the 2016-2021 Capital Programme

The Assistant Director  Resources presented a report which:

·          revised the 2016/2017 projections for spending on the capital programme

·          set out an estimate of capital resources that would be available for 2016-2021

·          detailed new capital bids that were recommended to be included in the capital programme for the period 2017-2021

·          outlined provisional figures for capital expenditure for the period 2016-2021

In discussing the Capital Programme it was noted that it was a full and robust Programme the phases for which would only progress once they had been fully evaluated and considered.  If the previous phase did not work the next would not continue.

It was noted that there had been deliberate policy choices to pursue the proposals and to align the economic policies with the social policies, and working hard to mitigate the risks on sites such as the NORA developments which were now valued homes.  The schemes put forward were usually with land owned by the Council, with low rate loans when they were required fulfilling social objectives for the whole of the town.

Under Standing Order 34 Councillor Pope commented that those things achieved to date were remarkable and were a credit to those officers and Members involved.  He commented that he wanted things to progress but to also be evaluated carefully before progression.  Councillor Pope undertook to raise some small questions directly with officers which Cabinet Members requested to be copied in with.

Compliments were paid to officers ability to document the scope of the progress in such a clear manner, with the controls in place to review and measure.

RECOMMENDED:      1)   That the amendments to capital schemes and resources for the 2016-2021 capital programme as detailed in the report be approved.

2)     That new capital bids are to be funded from available capital resources and included in the capital programme 2017-2021 as detailed in the report.

Reason for Decision

To report amendments, rephasing and resources to the 2016-2021 Capital Programme