Agenda item

It was moved by Councillor Swindlehurst,

Seconded by Councillor Hussain,

“ (a) That the capital strategy of £285.0m and the Minimum Revenue Provision is 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 £5.5m 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.”

No amendments were put.

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, Bains, Brooker, Carter, Chahal, Chaudhry, Cheema, Chohan, Dar, Davis, M Holledge, Hussain, Mann, Matloob, Nazir, Pantelic, Parmar, Plenty, Rana, Rasib, Sadiq, A.Sandhu, R.S Sandhu, Sarfraz, Smith, Sohal, Strutton, Swindlehurst and Usmani ……………………………………………………………………………………….  30

There abstained from voting:

The Worshipful The Mayor, Councillor Shah  ……………………………………………………………………………………….   1

Resolved –

(a) That the capital strategy of £285.0m and the Minimum Revenue Provision is 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 £5.5m 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.