Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To seek the release of funding in the capital
Medium Term Financial Plan 2022/23 to 2025/26.
The Cabinet Member with the Resources Portfolio introduced the report of the Group Director of Operations (previously circulated) requesting that consideration be given to the release of funding allocated in the Capital Medium Term Financial Plan (MTFP) 2022/23 to 2025/26 to undertake Capitalised Repairs in corporate buildings.
The submitted report stated that £250,000 had been allocated for 2022/23 in the Capital MTFP for Capitalised Repairs; a condition survey of corporate properties had been undertaken that had identified immediate remedial works and future investment requirements; additional survey and servicing data had been acquired and essential works prioritised; detailed the works to be undertaken; outlined the legal and financial implications; and the advice received from the Corporate Landlord and Procurement.
Particular reference was made at the meeting to the breakdown between corporate resources and prudential borrowing to be used to fund the repairs. The Cabinet Member with the Resources Portfolio and the Director of Operations responded thereon.
RESOLVED - That the £250,000 allocated in the Capital Medium Term Financial Plan for Capitalised Repairs, as detailed in the submitted report, be released.
REASON - To safeguard the condition of the Council’s corporate buildings and to meet statutory and legal obligations.
Report author: Gail Banyard
Publication date: 06/05/2022
Date of decision: 03/05/2022
Decided at meeting: 03/05/2022 - Cabinet
Effective from: 14/05/2022