To consider the attached report and any recommendations of the Overview and Scrutiny Board on capital budget monitoring for the quarter ending September 2011.

The Council received the submitted report which provided an overview of the Council’s approved capital programme for the quarter ending September 2011 and set out proposed amendments to the programme.  The Chairman reported that the Overview and Scrutiny Board would review the submitted report and bring forward recommendations following its next meeting.

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

(i)         that the latest position on the Capital Programme be noted;

(ii)        that £0.5 million of prudential borrowing be approved for an “invest to save” scheme to bring empty homes back into use to be funded from New Homes Bonus Grant (as set out in paragraph A2.4 of the submitted report);  and

(iii)       that £0.2 million be approved to invest in the enhancement of assets prior to sale for development to be funded from capital receipts (as set out in paragraph A2.2 of the submitted report).

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

(Note:  During consideration of Minute 418, Councillor Pentney declared her personal interest.)