To note the Capital Investment Plan update report for 2014/15 under the Authority’s agreed budget monitoring procedures and consider any recommendations from the Overview and Scrutiny Board.

The Council received the current position in respect of the Council’s approved Capital Investment Plan for quarter two, as set out in the submitted report.  The report provided details of the capital expenditure and funding for the year compared to the latest budget position reported in September 2014. 

The Chairwoman reported that a motion and supporting information had been circulated by the Mayor.

It was proposed by the Mayor and seconded by Councillor Excell:

that the Council includes the following items in the Capital Investment Plan to be funded from New Growth Points Grant:

(i)         £350,000 for improvements to the Strand Torquay; and

(ii)        £240,000 for the replacement decking and associated works on Princess Pier.

An amendment was proposed by Councillor Tyerman and seconded by Councillor Bent:

that Council defers a decision on the expenditure of £350,000 for improvements to the Strand, Torquay and £240,000 for the replacement decking and associated works on the Princess Pier, and requests that reports be prepared for Council to consider as follows:

(a)       to explore the economic benefits of using New Growth Points funding to carry out the improvement to the Strand as compared with other potential uses of these funds, for projects which support economic growth in other ways or which support other projects to progress the various Master-plans;  and

(b)       to provide more details on the replacement decking and full works required to secure the future for the Princess Pier and the status of the applications for full funding for the structural works required.

In accordance with Standing Order A19.4, a recorded vote was taken on the amendment.  The voting was taken by roll call as follows:  For:  Councillors Addis, Baldrey, Barnby, Bent, Brooksbank, Butt, Cowell, Darling, Davies, Doggett, Ellery, Hernandez, Hill, James, Kingscote, Morey, Parrott, Pentney, Pountney, Stocks, Stockman, Stringer, Thomas (D), Thomas (J) and Tyerman (25);  Against:  the Mayor, Councillors Amil, Excell, Hytche, McPhail, Mills and Scouler (7);  Abstain:  Councillor Lewis (1);  Absent:  Councillors Faulkner (A), Faulkner (J) and Pritchard (3);  Therefore the amendment was declared carried.

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

To consider the Capital Investment Plan update for Quarter 2 of the current financial year.

The Board considered the Capital Plan Monitoring Report for Quarter 2 of the 2014/2015 financial year.  Questions were raised about the velodrome project and the re-phasing of £900,000 of affordable housing schemes.