Issue - meetings

Capital Programmes, Quarter 2 Finance Report 2019/20

Meeting: 05/12/2019 - Cabinet (Item 87)

87 Capital Programmes, Quarter 2 Finance Report 2019/20 pdf icon PDF 138 KB

Additional documents:

Decision:

RESOLVED that Cabinet:

 

A     Noted the progress in the delivery of the Council’s Housing and Non Housing Capital Programmes as at Quarter 2 (29 September 2019) as follows:

 

             i)        Housing Capital Programme – forecast outturn £21,615,000 (revised estimate £23,743,000).

 

            ii)        Non Housing Capital Programme – forecast outturn £14,559,000 (revised estimate £19,654,000).

 

B    Approved a business case in the Non Housing Capital Programme for new CCTV in Old Harlow (£31,000) to improve the images available to assist with tackling crime and anti-social behaviour.

 

C    Approved capital funding in the Housing Capital Programme of £140,000 for the purchase of the 50 per cent interest in an equity share property in Little Pynchons. The Council currently owns a 50 per cent interest and the purchase of the other half interest in the property will add a three bed house to the lettable social housing stock. This purchase falls outside of the rules for the use of retained receipts.

 

D    Noted purchase of the freehold of Osler House (£200,000) from Harlow Health Centres Trust under an Option Agreement dated 15 January 2016, as part of the development work at Prentice Place.

Minutes:

Cabinet received a report which provided an update on the Council’s Housing and Non Housing Capital Programmes.

 

Proposed by Councillor Mike Danvers (seconded by Councillor Mark Wilkinson) it was:

 

RESOLVED that Cabinet:

 

A     Noted the progress in the delivery of the Council’s Housing and Non Housing Capital Programmes as at Quarter 2 (29 September 2019) as follows:

 

                             i)        Housing Capital Programme – forecast outturn £21,615,000 (revised estimate £23,743,000).

 

                            ii)        Non Housing Capital Programme – forecast outturn £14,559,000 (revised estimate £19,654,000).

 

B    Approved a business case in the Non Housing Capital Programme for new CCTV in Old Harlow (£31,000) to improve the images available to assist with tackling crime and anti-social behaviour.

 

C    Approved capital funding in the Housing Capital Programme of £140,000 for the purchase of the 50 per cent interest in an equity share property in Little Pynchons. The Council currently owns a 50 per cent interest and the purchase of the other half interest in the property will add a three bed house to the lettable social housing stock. This purchase fell outside of the rules for the use of retained receipts.

 

D    Noted purchase of the freehold of Osler House (£200,000) from Harlow Health Centres Trust under an Option Agreement dated 15 January 2016, as part of the development work at Prentice Place.