Issue - meetings
Capital Strategy 2020/21 to 2024/25
Meeting: 27/02/2020 - Council (Item 96)
96 Capital Strategy 2020/21 to 2024/25 
PDF 208 KB
Report of the Head of Corporate Resources
Minutes:
Further to Minute No. 113 of the meeting of the Cabinet held on 13 February 2020 the Council considered the report of the Head of Corporate Resources indicating that the Capital Strategy set out the long-term context in which capital expenditure and investment decisions were made and considered the impact of these decisions on the priorities within the Council’s Core Purpose and Framework for Change Programme and the promises made in the 2030 Vision for Sefton; that at the heart of the Capital Strategy was the Council’s core objective to continue to deliver financial sustainability; and that as such, a flexible capital investment programme was more important than ever as a method to stimulate and enable economic growth and strategic investment, ensuring best use of existing assets and of generating future income streams to pay for and deliver day to day services.
The Capital Strategy, attached to the report as Annex A, was a statutory document that the Council was required to have in place and be reviewed on an annual basis.
It was moved by Councillor Maher, seconded by Councillor Fairclough
That the Capital Strategy as set out in Annex A of the report be approved.
An amendment was moved by Councillor Brodie-Browne, seconded by Councillor Pugh
That the Motion be amended by the addition of the following paragraph:
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as part of its capital strategy, requests the authority’s Housing Company (Sandway Homes) to consider the scope for creating housing units and accommodation above shops in Lord St or through the use of redundant shopping units, and any market engagement necessary to achieve such an objective. |
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Following debate, on a show of hands the Mayor declared that the amendment was lost by 19 votes to 39.
Thereafter, on a show of hands the Mayor declared that the Motion was carried by 43 votes to 4 with 11 abstentions and it was
RESOLVED:
That the Capital Strategy as set out in Annex A of the report be approved.
Meeting: 13/02/2020 - Cabinet (Item 113)
113 Capital Strategy 2020/21 to 2024/25 PDF 208 KB
Report of the Head of Corporate Resources
Minutes:
The Cabinet considered the report of the Head of Corporate Resources indicating that the Capital Strategy set out the long-term context in which capital expenditure and investment decisions were made and considered the impact of these decisions on the priorities within the Council’s Core Purpose and Framework for Change Programme and the promises made in the 2030 Vision for Sefton; that at the heart of the Capital Strategy was the Council’s core objective to continue to deliver financial sustainability; and that as such, a flexible capital investment programme was more important than ever as a method to stimulate and enable economic growth and strategic investment, ensuring best use of existing assets and of generating future income streams to pay for and deliver day to day services.
The Capital Strategy, attached to the report as Annex A, was a statutory document that the Council was required to have in place and be reviewed on an annual basis.
Decision Made:
That the Council be recommended to approve the Capital Strategy as set out in Annex A of the report.
Reasons for Decision:
The Capital Strategy is a key policy document for Sefton Council and follows guidance issued in the Prudential Code for Capital Finance in Local Authorities (2017 Edition).
Alternative Options Considered and Rejected:
None.