Issue - meetings

This report has been circulated separately as Supplementary Agenda 2.

Received a report from the Corporate Director of Resources setting out the current position with regard to the Capital Programme and proposals for allocating resources for the financial years 2008/09 to 2011/12.

Agreed, in order to assist the Council to achieve all of its Community Priorities, to:

(i)  Recommend the Assembly to approve 12 new bids for 2008/09 totalling £247m to be met from £53m borrowing, an expected £186m external funding and £7m from land sales, as detailed in Appendix C of the report.  These bids will be subject to Enterprise Programme Office (EPO) appraisal and receipt of external funding;

(ii)  Recommend the Assembly to approve the Prudential Indicators for the Authority as set out in Appendix E to the report;

(iii)  Recommend the Assembly to approve the Capital Strategy as set out in Appendix F to the report;

(iv)  Note the position of the 2007/08 Capital Programme as detailed in Appendix A to the report;

(v)  Note the existing approved capital programme for 2008/09 to 2011/12 as detailed in Appendix B of the report;

(vi)  Note the position of the overall Council’s capital programme for 2008/09 to 2011/12 as a result of recommendation 3 and as detailed in Appendix D to the report;

(vii)  Note the forecasted capital receipt position for 2008/09 to 2011/12 as detailed in the report; and

(viii)  Note the current capital arrangements and prudential capital guidelines as detailed in the report.