To consider an overview of the Council’s approved Capital Investment Plan for the quarter ending September 2012.

The Council considered the submitted report setting out an overview of the Council’s approved Capital Investment Plan for the quarter ending September 2012.  The report provided details of expenditure and funding of service and community assets within the Council’s approved Capital Plan.  A revised officer recommendation was tabled at the meeting.

It was proposed by Councillor Tyerman and seconded by Councillor Hill:

(i)          that Council notes the latest position on the Capital Investment Plan; and

(ii)       that Council approve £0.1m for the purchase of 25 beach huts at Broadsands as a prudential borrowing scheme to be funded from additional income from the new beach huts, subject to 60% of the beach huts being pre-let.

On being put to the vote, the motion was declared carried.