Decision details

The Executive accepted the reasons why capital bid C59 (Improving the environmental credentials of the build at the Kenilworth Close scheme) had not been recommended for inclusion the Capital Strategy for 2020/21.  However, the Leader requested that, should there be a financial overachievement of land and asset sales during the year, then priority should be given to some of this income being earmarked for improvement of the environmental credentials of the build at the Kenilworth Close scheme.

It was RESOLVED:

1.         That the draft 2020/21 General Fund Capital Programme, as detailed in Appendix C to the report, be approved for consideration by the Overview and Scrutiny Committee.

2.         That the draft 2020/21 HRA Capital Programme, as detailed in Appendix D to the report, be approved for consideration by the Overview and Scrutiny Committee.

3.         That the updated forecast of resources, as summarised in Appendix C (General Fund) and Appendix D (HRA) to the report, be approved.

4.         That the Council’s investment strategy for non-treasury assets (Section 3.2 of the report) be approved for consideration by the Overview and Scrutiny Committee.

5.         That the approach to resourcing the General Fund Capital Programme, as outlined in the report, be approved.

6.         That the actions required to ensure the General Fund programme is funded, as outlined in Paragraphs 4.9.5 - 4.9.8 of the report, be noted.

7.         That the approach and progress on Locality Reviews be noted.

8.         That the growth bids identified for inclusion in the Capital Strategy (Appendix A to the report) be approved.

9.         That the return of Right to Buy one for one receipts, as outlined in Section 4.14 of the report, be noted.

10.      That the 2020/21 de-minimis expenditure limit (Section 4.15 of the report) be approved for consideration by the Overview and Scrutiny Committee.

11.      That the 2020/21 contingency allowance (Section 4.16 of the report) be approved for consideration by the Overview and Scrutiny Committee.

12.      That the work undertaken by Leader’s Financial Security Group (LFSG) on behalf of the Executive in reviewing and challenging the General Fund Capital Strategy be noted.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.