Agenda item

It was moved by Councillor Swindlehurst,

Seconded by Councillor Akram,

“That the Council -

(a)  Approve the capital strategy of £259.0m and the associated Minimum Revenue Provision;

(b)  Note the notional costs of borrowing for the capital programme to the revenue budget will be an increase of up to £5.916m per annum -commencing during the period of the capital strategy to fund borrowing.

(c)  Approve the principles underpinning the capital programme in paragraph 5.1.2 and the Minimum Revenue Provision principles in Section 7;.

(d)  Approve the Prudential Indicators as set out in Section 6 of the report and the Authorised Limit as set out in Tables 1.7 and 1.8.

(e)  Approve, in order to provide increased flexibility to fund the Council’s Capital Expenditure plans, the maximum level of external debt be brought forward to the 2020/21 limit with immediate effect.

(f)  Approve Appendices A and B to the report detailing the capital programmes for the General Fund and the Housing Revenue Account.”

It was moved by Councillor Strutton, as an amendment,

Seconded by Councillor Wright

The amendment was put to the vote and lost with 4 for, 30 against and 1 abstention.

The original 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, Akram, Ali, Anderson, Bains, Basra, Begum, Carter, Chaudhry, Dar, Davis, M Holledge, Hulme, Mann, Matloob, Minhas, Mohammad, Nazir, Pantelic, D.Parmar, S.Parmar, Plenty, Qaseem, Rasib, Sabah, Sadiq, A.Sandhu, Sarfraz, Sharif and Swindlehurst. ………………….  30

There voted against the recommendations:

Councillors Kelly, Smith, Strutton and Wright  …………………………………   4

There abstained from voting:

The Deputy Mayor……………………………………………………..………….. 1

Resolved –

That the Council -

(a)  Approve the capital strategy of £259.0m and the associated Minimum Revenue Provision;

(b)  Note the notional costs of borrowing for the capital programme to the revenue budget will be an increase of up to £5.916m per annum -commencing during the period of the capital strategy to fund borrowing.

(c)  Approve the principles underpinning the capital programme in paragraph 5.1.2 and the Minimum Revenue Provision principles in Section 7;.

(d)  Approve the Prudential Indicators as set out in Section 6 of the report and the Authorised Limit as set out in Tables 1.7 and 1.8.

(e)  Approve, in order to provide increased flexibility to fund the Council’s Capital Expenditure plans, the maximum level of external debt be brought forward to the 2020/21 limit with immediate effect.

(f)  Approve Appendices A and B to the report detailing the capital programmes for the General Fund and the Housing Revenue Account.