Agenda item

Release of Capital Allocation in the Medium Term Financial Plan

Report of the Director of Economic Growth and Neighbourhood Services.

 

Minutes:

The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Director of Economic Growth and Neighbourhood Services (previously circulated) requesting that consideration be given to the release of £200,000 of funding allocated in the Capital Medium Term Financial Plan 2019/20 to 2022/23 to undertake Capitalised Repairs in corporate buildings.

 

The submitted report stated that Pennington Choices were commissioned to undertake stock condition surveys in the Council's corporate properties and that the capitalised repairs allocation would be used to meet the urgent work identified.

 

RESOLVED - That the £200,000 allocated in the Capital Medium Term Financial Plan for Capitalised Repairs, be released.

REASON - To safeguard the condition of the Council’s corporate buildings and to meet statutory and legal obligations.

 

Supporting documents: