Minutes:
The report was formally moved by Councillor Allison and formally seconded by Councillor Alambritis.
The Monitoring Officer advised that, in accordance with Part 4A, paragraph 10.4 of the Constitution, a recorded vote would be taken.
Votes in favour: Councillors Akyigyina, Alambritis, Allison, Anderson, Attawar, Badenoch, Bowcott, Brunt, Bull, Bush, Byers, Chirico, Chung, Cooper-Marbiah, Cowper, Crowe, Curtin, Dean, Dehaney, Draper, Foley, Fraser, Garrod, Grocott, Hanna, Henry, Holden, Holmes, Howard, Jeanes, Abigail Jones, Philip Jones, Judge, Kenny, Kirby, Abdul Latif, Najeeb Latif, Brian Lewis-Lavender, Gilli Lewis-Lavender, Macauley, Makin, McCabe, Moulton, Munn, Neep, Pearce, Sargeant, Saunders, Simpson, Skeete, Southgate, Stanford, Udeh, West, Whelton, and Williams (56)
Votes against: (0)
Not voting: (0)
RESOLVED:
A. That Council approve the following Capital Schemes to be included in the Capital Programme:
Scheme |
2017/18 Budget |
2018/19 Budget |
2019/20 Budget |
Funding/Re-profiling |
Canons Parks for the People |
|
|
|
|
Capital Bidding Fund |
(560,100) |
0 |
|
Virement |
Parks - Canons Parks for the People |
180,450 |
1,117,470 |
195,540 |
HLF Funding |
Mitcham Area Regeneration - Parks for the People |
638,780 |
2,032,100 |
301,040 |
HLF Funding & Virement |
Collier Wood Library |
||||
Finance Lease |
500,560 |
|||
Total |
759,690 |
3,149,570 |
496,580 |
|
B. That in respect of capital expenditure incurred before 1 April 2008, Council revise the Minimum Revenue Provision Policy to read:
“For capital expenditure incurred before 1 April 2008 or by Supported Capital Expenditure, the MRP policy will be the equal annual reduction of 2% of the outstanding debt at 1 April 2017 for the subsequent 50 years”
The remainder of the MRP Policy Statement will remain as approved by Council on 1 March 2017.