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:

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.