This report has been circulated separately as Supplementary Agenda 2.
Minutes:
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.
Supporting documents: