(Members are requested to bring the Mayor’s Proposals for the Capital Investment Plan 2012/13 to 2015/16 prepared by the Chief Finance Officer for Six Week Public Consultation circulated on 8 December 2011 with them to the meeting.)

To consider the submitted report (to follow) setting out the Capital Plan Budget for 2012/13 to 2015/16 and the recommendations of the Mayor.

(Note:  This item will be deferred for consideration at an adjourned meeting of the Council to be held on Wednesday, 8 February 2012.)

Further to the meeting of the Council held on 1 February 2012, Members considered the recommendations of the Mayor on the proposed Capital Investment Plan for 2012/13 to 2015/16 which incorporated the Summary Capital Strategy 2012/13, the Asset Management Plan 2012/13 and the Capital Investment Plan 2012/13 to 2015/16 (including Prudential Indicators 2012/13) as set out in the submitted report.

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

that it be recommended to Council:

(i)         that the Summary Capital Strategy 2012/13 set out at Appendix 1 to the submitted report be approved;

(ii)        that the Asset Management Plan 2012/13 set out at Appendices 2 and 3 to the submitted report be approved;

(iii)       that the Capital Investment Plan 2012/13 to 2015/16 set out at Appendices 4 and 5 to the submitted report be approved;

(iv)       that the initial four year indicative allocations of funding to schemes/services for planning purposes within the Capital Investment Plan 2012/13 to 2015/16 be approved;

(v)        that approval of specific capital schemes within the approved Capital Investment Plan in (iv) above be delegated to the Chief Executive, in consultation with the Mayor, Executive Lead for Finance and Chief Finance Officer;

(vi)       that the Prudential Indicators for 2012/13 set out at Appendix 6 to the submitted report be approved; and

(vii)      that the Combined Impact Assessment for the Capital Investment Plan set out at Appendix 7 be noted.

In accordance with Standing Order A14.4, an amendment was proposed by Councillor Darling and seconded by Councillor Pentney:

(i)            that the Executive Head Finance be requested not to allocate any Capital Plan Budget from the £2 million identified for employment schemes to the Riviera International Conference Centre;  and

(ii)          that the Executive Head Finance be requested to allocate £252,000 to fund a councillor community fund for 2012/13 and this be funded from the £2 million employment scheme fund from within the Capital Plan Budget.  The councillor community fund to provide £7,000 allocation to each councillor towards community needs within their ward and the Executive Head Finance is requested to identify funding for this project in future years.

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

The original motion was put to the vote and declared carried.

The Chairman advised that it accordance with Standing Order F3.12 in relation to the Budget and Policy Framework this item was referred to an adjourned meeting of Council to be held on 8 February 2012 to enable full consideration to be given to the implications of the proposals set out in the reports circulated at the meeting.

A copy of the record of decision setting out the recommendations of the Mayor in respect of the Capital Investment Plan is attached to these Minutes.