Decision details

Decision:

1.     Approved the new bids set out in Appendix 2 for inclusion in the capital programme as indicated, subject to Council approval.

2.     Approved removing the Bright Hill scheme on the HRA approved and provisional programmes as previously reported to Councillors; and

3.     Recommended (to Full Council meeting on 7 February 2024)

(1)         That the General Fund and HRA capital estimates, as shown in appendices 3 to 12, as amended to include such bids as may be approved by the Executive at its meeting on 25 January 2024, be approved.

(2)         That the Minimum Revenue Provision policy, referred to in section 9 of this report, be approved.

(3)         That the capital and investment strategy, specifically the investment strategy and Prudential Indicators contained within this report and Appendix 1, be approved.

(4)         That the updated flexible use of capital receipts policy, as set out in Appendix 8, be approved.

Reason(s):

To enable Council, at its budget meeting on 7 February 2024, to approve the capital and investment strategy for 2024/25 to 2028/29, and the funding required for the new capital schemes proposed.

Other options considered and rejected by the Executive:

The alternative investment options set out in paragraph 22 of the report.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.