Issue - meetings

Report of the Strategic Director - Place

Further to Minute No. 123 of the Cabinet meeting held on 28 February 2013, the Council considered the report of the Strategic Director – Place which provided details of a Capital Allocation Framework and Capital Strategy, including a prioritisation model for the single capital pot, to enable the determination of the Council’s Capital Investment Plan for 2013-14 onwards.

It was moved by Councillor P. Dowd, seconded by Councillor Maher and

RESOLVED:  That

(1)       approval be given to the Capital Allocations Framework for the management of the Council’s Capital Investment for 2013–14 onwards, as detailed in Appendix A of the report;

(2)       approval be given to the Capital Strategy and the Single Capital Pot prioritisation scoring model for the determination of the Council’s Capital Investment Plan for 2013–14 onwards, as detailed in Appendix C of the report;

(3)       approval be given to the Capital Strategy Governance Structure for the management of the Council’s Capital Investment for 2013-14 onwards, as detailed in Appendix B of the report; and

(4)       it be noted  that following a review to be undertaken, a further report will be presented in relation to the Strategic Asset Management Plan.

Report of the Strategic Director - Place

The Cabinet considered the report of the Strategic Director – Place which provided details of a Capital Allocation Framework and Capital Strategy, including a prioritisation model for the single capital pot, to enable the determination of the Council’s Capital Investment Plan for 2013-14 onwards.

This was a Key Decision and was included in the Council’s Forward Plan of Key Decisions.

Decision Made:

That the Council be recommended to:

(1)       approve the Capital Allocations Framework for the management of the Council’s Capital Investment for 2013–14 onwards, as detailed in Appendix A of the report;

(2)       approve the Capital Strategy and the Single Capital Pot prioritisation scoring model for the determination of the Council’s Capital Investment Plan for 2013–14 onwards, as detailed in Appendix C of the report;

(3)       approve the Capital Strategy Governance Structure for the management of the Council’s Capital Investment for 2013-14 onwards, as detailed in Appendix B of the report; and

(4)       note that following a review to be undertaken, a further report would be presented in relation to the Strategic Asset Management Plan.

Reasons for the Decision:

To agree a single Capital allocation framework and governance structure, to support the prioritisation of the Single Capital Pot for 2013/14 onwards, and the development of the Capital Investment Plan.

Alternative Options Considered and Rejected:

The Council could choose to allocate capital resources using an alternative prioritisation and allocation model.