| Item | Description | Resolution |
|---|---|---|
| PART 1 - PUBLIC | ||
| CB 12/072 |
Declarations of interest. |
There were no declarations of interest made. |
| CB 12/073 |
Minutes |
RESOLVED: That the Minutes of the meeting of the Cabinet held on 20 June 2012 be approved as a correct record and signed by the Chairman. |
| MATTERS FOR RECOMMENDATION TO THE COUNCIL | ||
| CB 12/074 |
Local Authority Mortgage Scheme Initiative |
Further to Minute CB 12/052, the joint report of the Director of Health and Housing, Director of Finance and Chief Solicitor provided the additional information previously sought by Members in relation to the proposed Local Authority Mortgage Scheme (LAMS) . An update was given on the discussions to date with representatives of Kent County Council and Sector Treasury Services Limited clarifying a range of issues and the Cabinet considered a suggested way forward. It was acknowledged that the strategic objective of the scheme was to support housing policy and not to achieve financial return in accordance with the Council's Treasury Management Strategy. However, it was suggested that confirmation be sought about the return on offer compared with the financial risk prior to making a final commitment to launch the scheme. RECOMMENDED: That (1) the Local Authority Mortgage Scheme be adopted in principle in accordance with the details provided within the report; (2) the parameters set out in the report be adopted as the basis of the Council's policy and the finalisation of the precise wording of the policy be delegated to the Director of Health and Housing; (3) the Scheme be launched within Tonbridge and Malling only when the rate of return on offer from the Lender is endorsed by the Director of Finance in consultation with the Leader and Cabinet Members for Finance and Housing; (4) the following local criteria be approved for incorporation within the policy: • the maximum level of funding support for the scheme to be £1,000,000; • the maximum loan size (indemnity) to be £40,000; and • qualifying post codes - all within the Borough of Tonbridge and Malling; (5) it be noted that the final clarification regarding the accounting treatment for the deposit is awaited and the following be endorsed: • in the event that the deposit is to be treated as capital expenditure, the expenditure of £1million sit outside the Council's Capital Plan Review process; or • in the event that the deposit is to be treated as an investment, the investment of £1million sit outside the Council's Treasury Management and Investment Strategy counter party exposure limits and duration; and (6) the Chief Solicitor and Monitoring Officer be indemnified in respect of any personal liability in providing the Opinion Letter to the Lender. *Referred to Council |
| CB 12/075 |
Housing Strategy 2013-2016 |
Further to Decision No D120095MEM, the report of the Director of Health and Housing presented an updated version of the Housing Strategy for approval following public consultation together with a draft action plan for noting pending finalisation. RECOMMENDED: That (1) the Housing Strategy 2013-2016, as set out at Annex 1 to the report, be approved; and (2) the draft Action Plan at Annex 2 to the report be noted. *Referred to Council |
| CB 12/076 |
Treasury Management Mid-Year Review 2012-13 |
The report of the Director of Finance provided an update on treasury management activity undertaken during the period April to August 2012/13 and reviewed the risk parameters contained within the current Treasury Management Strategy Statement and Annual Investment Strategy. Members were advised of two suggested changes in approach to risk supported by Sector, the Council's external treasury advisor and of the recommendations of the Audit Committee at its meeting on 9 October 2012. The Director of Finance provided an update on recovery of the funds invested with Landsbanki and indicated that around half the funds due to the Council had now been repaid. RECOMMENDED: That (1) the action by officers in respect of treasury management activity for the period April to August 2012 be endorsed; (2) as recommended by the Audit Committee, the current 'AAA' sovereign requirement for investment in the UK be replaced with a minimum rating of Fitch 'AA-' or equivalent; and (3) the counterparty/group exposure limit be increased from the current 20% to 25% for the UK nationalised and semi-nationalised banks. *Referred to Council |
| DECISIONS TAKEN IN ACCORDANCE WITH PARAGRAPH 4, PART 3 OF THE CONSTITUTION | ||
| CB 12/077 |
Recommendations from Overview and Scrutiny Committee - Review of Children's Occupational Therapy Assessments Decision Notice D120126CAB |
|
| CB 12/078 |
Financial Arrangements with Parish Councils Item FP 12/049 referred from Finance and Property Advisory Board minutes of 26th September, 2012 Decision Notice D120127CAB |
|
| CB 12/079 |
KCC Budget Consultation 2013/14 Decision Notice D120128CAB |
|
| CB 12/080 |
Medium Term Financial Strategy and Initial Budgetary Guidance for the 2013/14 Budget Cycle Decision Notice D120129CAB |
|
| CB 12/081 |
Housing and Growth Statement Decision Notice D120130CAB |
|
| CB 12/082 |
Council Tax - Empty Homes Premium Decision Notice D120131CAB |
|
| CB 12/083 |
Peters Pit, Wouldham - Consultation by Marine Management Organisation and Service of Compulsory Purchase Order Decision Notice D120132CAB |
|
| CB 12/084 |
Establishment of Police and Crime Panel for Kent and Medway Decision Notice D120133CAB |
|
| CB 12/085 |
The Local Authorities (Executive Arrangements) (Meetings and Access to Information) (England) Regulations 2012 Decision Notice D120134CAB |
|
| MATTERS SUBMITTED FOR INFORMATION | ||
| CB 12/086 |
Matters referred from Advisory Boards |
The notes of the meetings of the following Advisory Boards were received, any recommendations contained therein being incorporated within the decisions of the Cabinet reproduced at the Annex to these Minutes. Strategic Housing Advisory Board of 16 July 2012 Finance and Property Advisory Board of 18 July 2012 Communities Advisory Board of 23 July 2012 Leisure and Arts Advisory Board of 17 September 2012 Finance and Property Advisory Board of 26 September 2012 RESOLVED: That the report be received and noted. |
| CB 12/087 |
Matters referred from Advisory Panels and Other Groups |
The Minutes of the meetings of the following Advisory Panels and other Groups were received, any recommendations contained therein being incorporated within the decisions of the Cabinet reproduced at the Annex to these Minutes. Parish Partnership Panel of 6 September 2012 Tonbridge Forum of 10 September 2012 Joint Transportation Board of 24 September 2012 RESOLVED: That the report be received and noted. |
| CB 12/088 |
Local Indicators - 2012/13 |
The Central Services Director presented the results for the first quarter of the current financial year for those local indicators that were monitored regularly. It was noted that the indicators had been substantially updated since the last financial year so that they more closely aligned with the Council's key priorities for 2012/15. RESOLVED: That the report be received and noted. |
| MATTERS FOR CONSIDERATION IN PRIVATE | ||
| CB 12/089 |
Exclusion of Press and Public |
The Chairman moved, it was seconded and RESOLVED: That as public discussion would disclose exempt information, the following matters be considered in private. |
| PART 2 - PRIVATE | ||
| MATTERS FOR RECOMMENDATION TO THE COUNCIL | ||
| CB 12/090 |
Provision of Fitness Equipment at Larkfield Leisure Centre and Angel Centre (Reason: LGA 1972 Sch 12A Para 3 - Financial or business affairs of any particular person) Decision Notice D120135CAB |
The joint report of the Chief Leisure Officer and Director of Finance recommended the award of the tender for the supply of new cardiovascular and resistance equipment at Larkfield Leisure Centre and the Angel Centre which was determined by the Cabinet under Decision No D120135CAB. The report also recommended that the remaining budget provision following the tender exercise be utilised to provide additional functional training equipment and enhance the fitness suites at both sites. RECOMMENDED: That the Council approve the addition to the Capital Plan of the capital facility enhancement scheme, as outlined at paragraph 1.4 of the report, with the cost being met from the remaining budget provision following the tender exercise for new fitness equipment. *Referred to Council |