Agenda item

It was moved by Councillor Anderson,

Seconded by Councillor Swindlehurst,

“(a)  That the capital strategy of £235m and the Minimum Revenue Provision be approved.

(b)  That the Council notes the notional costs of borrowing for the capital programme to the revenue budget will be an increase of up to £2.5m per annum commencing during the period of the capital strategy to fund borrowing and / or the reduction of investments of £40m.

(c)  That the principles underpinning the capital programme in paragraph 5.1.2 and Minimum Revenue Provision principles be approved.

(d)  That appendices A to C detailing the capital programmes be approved (subject to these having approved Final Business Cases by the Capital Strategy Board)”.

No amendments were put and the recommendations were opened up to debate.

The recommendations were put and carried and in accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014 a record of the vote was taken as follows:-

There voted for the recommendations:-

Councillors  Ajaib, Anderson, Bal, Brooker, Carter, Chaudhry, Cheema, Chohan, Dar, Davis,  Dhillon, M Holledge, Hussain, P K Mann, Matloob, Munawar, Nazir, Parmar, Plenty, Rana, Shah, Sharif, Sohal, Strutton, Swindlehurst and Usmani  ..................................................................... 26

There voted against the recommendations:-

Councillors Bains, Chahal, Amarpreet Dhaliwal, Sandhu, Smith and Wright…6

There abstained from voting:-

The Worshipful the Mayor and Councillor Abe ....................................................  2

Resolved –

 (a)  That the capital strategy of £235m and the Minimum Revenue Provision be approved.

(b)  That the Council notes the notional costs of borrowing for the capital programme to the revenue budget will be an increase of up to £2.5m per annum commencing during the period of the capital strategy to fund borrowing and / or the reduction of investments of £40m.

(c)  That the principles underpinning the capital programme in paragraph 5.1.2 and Minimum Revenue Provision principles be approved.

(d)  That appendices A to C detailing the capital programmes be approved (subject to these having approved Final Business Cases by the Capital Strategy Board).