Agenda item

It was moved by Councillor Munawar,

Seconded by Councillor Hussain,

“(a)  That the capital strategy of £300m 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 £4.2m per

annum commencing during the period of the capital strategy to fund

borrowing.

(c)  That the principles underpinning the capital programme in paragraph 5.1.2 and the Minimum Revenue Provision principles in section 6 be approved.

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

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, Bal, Bedi, Brooker, Carter, Chaudhry, Chohan, Dar, Davis, M Holledge, N Holledge, Hussain, Matloob, Munawar, Nazir, Pantelic, Parmar, Plenty, Qaseem, Rana, Sadiq, A.Sandhu, Sarfraz, Shah, Sharif, Sohal, Swindlehurst and Usmani ………………………………………………..  28

There voted against the recommendations:

Councillors Bains, Chahal, Amarpreet Dhaliwal, R S Sandhu, Smith, Strutton and Wright ………………………………………………………………………….  7

There abstained from voting:

The Worshipful The Mayor, Councillor Arvind Dhaliwal  ……………………… 1

Resolved –

(a)  That the capital strategy of £300m 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 £4.2m per

annum commencing during the period of the capital strategy to fund

borrowing.

(c)  That the principles underpinning the capital programme in paragraph 5.1.2 and the Minimum Revenue Provision principles in section 6 be approved.

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