Capital Programmes 2018/19 - 2019/20
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
RESOLVED that it was recommended to Full Council that:
Housing Capital Programme
A The Housing Capital Programme 2018/19 revised outturn of £19,513,000, as set out in Table 2 of the report is noted.
B The Housing Capital programme 2019/20 of £24,044,000, as set out in Table 5 of the report is approved, including £2.7 million of external borrowing to support building council homes.
Non Housing Capital Programme
C The revised Non Housing Capital Programme 2018/19 of £11,105,000, as set out in Table 6 of the report is noted.
D The Non Housing Capital Programme for 2019/20 £11,156,000 including the Enterprise Zone (EZ) (£5,319,000) and Prentice Place (£2,347,000) as set out in Table 7 of the report is approved.
E Internal borrowing is approved to support:
i) the Non Housing Capital Core Programme of £9,866,000 up to 31 March 2019, and a further £2,372,000 in 2019/20.
ii) in respect of Prentice Place in 2019/20 of £1,755,000.
iii) in respect of the EZ in 2018/19 of £5,790,000 and in 2019/20, £5,319,000. This will bring total borrowing over the 3 years from 2017/18 to £13,707,000.
Report author: Simon Freeman
Publication date: 25/01/2019
Date of decision: 24/01/2019
Decided at meeting: 24/01/2019 - Cabinet