Issue - meetings

The Chief Officer Assets had submitted a report which sought members approval of the Capital Investment Strategy for 2022-23.

The report had been considered by Executive on 11 May 2022. Executive had recommended that Council be requested to approve the recommendation within the report.

Councillor C Sharpe introduced the report and moved the recommendation. This was seconded by Councillor M Johnson.

A vote was taken, 34 voted in favour, 0 against and 1 abstention. The motion was carried.

Resolved

That the Capital Investment Strategy for 2022-23 as set out in Appendix A of the report be approved.

The subject of the decision

The Chief Officer Assets submitted a report for members to approve a Capital Investment Strategy for 2022/23. A strategy to provide a high level overview of how the capital programme was determined, and to identify the issues and options that influence capital spending and sets out how the resources and capital programme would be managed.

Councillor C Sharpe moved the recommendation; this was seconded by Councillor M Fitzgerald. The recommendation was unanimously agreed.

Alternative options considered

Not to approve the Strategy.

The reason for the decision

To agree a document setting out the Councils ambitions and priorities over the medium to longer term and that provided a framework for the review and management of existing assets. A document which also indicated the opportunities for partnership working and had a direct relationship with the Treasury Management Strategy and the opportunities and limitations on activity through the Treasury Management prudential indicators.

The decision

Recommended -

That Council be requested to agree that the Capital Investment Strategy 2022/23 be approved.