Agenda item - Capital Resources & Capital Investment Programme 2012/13

Extract from the proceedings of the Cabinet meeting held on the 9^th February 2012, together with a report of the Director of Finance (copies attached).

71.1         The Mayor noted that the Labour & Co-operative Group’s amendment had contained changes to the proposals for the Capital Resources & Capital Investment Programme 2012/13 and therefore put the recommendations in relation to the Capital Resources & Capital Investment Programme 2012/13 as amended to the vote:

71.2         The Mayor confirmed that the motion had been carried.

71.3         RESOLVED:

(1)         That the Capital Investment Programme for 2012/13 as detailed in appendix 1 to the report and as amended by the approved Labour & Co-operative Group amendment (as shown in Item 69 above); be approved;

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

(3)         That the allocation of £0.25m resources in 2012/13 for the Strategic Investment Fund for the purposes set out in paragraph 3.25 of the report be approved;

(4)         That the allocation of £0.5m for the ICT fund be approved;

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

(6)         That the proposed use of council borrowing as set out in table 5 at paragraph 3.28 of the report be approved.