Issue - decisions

Capital Strategy 2020-2025

24/01/2020 - Capital Strategy 2020-2025

(a)  That the capital strategy of £259.0m and the associated Minimum Revenue Provision be approved and Recommended to full Council on 20th February 2020.

 

(b)  That it be noted that the notional costs of borrowing for the capital programme to the revenue budget would be an increase of up to £5.916m 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 of the report and the Minimum Revenue Provision principles in Section 7 be approved and recommended to full council on 20th February 2020.

 

(d)  That the appendices A and B detailing the capital programmes for the General Fund and the Housing Revenue Account be approved and recommended to full council on 20th February 2020.

 

(e)  The delegated authority be given to the Director of Finance & Resources, following consultation with the Lead Member for Housing & Community Safety and the Leader of the Council, to adjust the in year HRA borrowing limits to enable the potential acquisition of a HRA site for new housing.