Agenda item - Capital Resources and Capital Investment Programme 2015/16

Extract from the proceedings of the Policy & Resources Committee meeting held on the 12^th February 2015, together with a report of the Interim Executive Director for Finance & Resources (previously circulated).

61.2         The Mayor asked for the electronic voting system to be activated and put the recommendations affecting the Capital Resources and Capital Investment Programme 2015/16 to the vote.

61.3         The Mayor confirmed that the motion had been carried by 46 votes to 1.

61.4         RESOLVED:

(1)       That the draft Capital Investment Strategy for 2015 to 2025 as detailed in Appendix 4 to the report be approved;

(2)       That the Capital Investment Programme for 2015/16 as detailed in Appendix 1 to the report be approved;

(3)       That the estimated capital resources in future years as detailed in Appendix 1 to the report be noted;

(4)       That the allocation of £0.25m resources in 2015/16 for the Strategic Investment Fund for the purposes set out in paragraph 3.19 of the report be approved;

(5)       That the allocation of £2.0m for the ICT fund be approved;

(6)       That the allocation of £1.0m for the Asset Management Fund be approved; and

(7)       That the proposed use of council borrowing as set out in paragraph 3.34 and Appendix 3 to the report be approved.