To consider the report of the Corporate Director of Transformation and Rescources.
Consideration was given to the report of the Head of Finance, Procurement and Commercial Property as contained on pages 397 to 406 of the Book of Reports which set out details of the GRA medium term capital programme position for the next 3 years. The report had previously been considered by Cabinet at its meeting held on 14 January 2020.
The Deputy Borough Treasurer attended the meeting and provided an overview of the report referring to details as set down in the report and appendices.
A Motion to approve the recommendation at paragraph 3.1 of the report was moved and seconded.
An amendment to the motion was moved, but not seconded therefore fell.
A vote was taken on the motion, which was CARRIED.
RESOLVED: That the report be noted.
(Relevant Portfolio Holder: Councillor A Yates)
Councillor Yates introduced the report of the Head of Finance, Procurement and Commercial Services which set out details on the GRA medium term capital programme position for the next 3 years.
In reaching the decision below, Cabinet considered the details as set out in the report before it and accepted the reasons contained therein.
RESOLVED A. That the medium term financial position be noted, and consideration be given to how a balanced capital programme can be achieved.
B. That the Portfolio Holder for Resources and Transformation be given delegated authority to submit firm proposals to Council on 26 February 2020 to enable the capital programme to be set.
C. That call-in is not appropriate for this item as it is to be submitted to the Executive Overview and Scrutiny Committee on 30 January 2020.