Issue - decisions

Release of Capital Allocation in the Medium Term Financial Plan

13/09/2019 - Release of Capital Allocation in the Medium Term Financial Plan - Town Hall Refurbishment in Block D and Remedial Works to the Bridge Centre for Visual Arts, Hundens Lane

The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director (previously circulated)seeking the release of funding allocated in the Capital Medium Term Financial Plan (MTFP) 2019/20 to 2022/23 to undertake Capitalised Repairs in corporate buildings.

 

The submitted report stated a total allocation of £250,000 was made in the Capital MTFP for capitalised repairs; Cabinet had already agreed to release £200,000 for essential remedial works; and requested the release of the remaining £50,000 for additional essential remedial works to progress.

 

RESOLVED – That the remaining £50,000 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.