Agenda item

It was moved by Councillor Swindlehurst,

Seconded by Councillor Hussain,

“ (a)  That the capital strategy of £239.3m and the Minimum Revenue Provision be approved.

(b)  That Council notes the notional costs of borrowing for the capital programme to the revenue budget would be an increase of up to £4.188m 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 be approved.”

The recommendations were put to the vote 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 Ali, Anderson, B. Bains, Bedi, Brooker, Carter, Chaudhry, Cheema, Dar, Davis, M Holledge, N. Holledge, Hussain, Mann, Matloob, Minhas, Nazir, Pantelic, D.Parmar, S.Parmar, Rana, Rasib, Sabah, Sadiq, A.Sandhu, Shah, Sharif, Sohal and Swindlehurst ……………………………………………………………………………………….  29

There abstained from voting:

Councillors Kelly, R.S. Sandhu, Smith, Strutton and Wright  ………………………………………………………………………………………..   5

Resolved –

(a)  That the capital strategy of £239.3m and the Minimum Revenue Provision be approved.

(b)  That Council notes the notional costs of borrowing for the capital programme to the revenue budget would be an increase of up to £4.188m 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 be approved.