Issue - meetings

Consideration was given to the report of the Director of Finance and Transformation which reviewed the current position of the existing Capital Plan (List A).  It also recommended schemes for addition to List C, some existing List C schemes for deletion or evaluation and schemes for inclusion on List B from those List C schemes previously selected for evaluation.  Members were reminded that any aspirations in respect of capital schemes needed to be set within the context of the significant financial challenge facing the Council.

Particular reference was made to the increase in budget provision for the Tonbridge Town Lock and Wouldham river wall schemes and the means of funding them.  An updated Capital Strategy was also presented for endorsement.

RECOMMENDED:  That the following be endorsed for consideration by the Overview and Scrutiny Committee:

(1)        the Capital Plan (List A) position as shown in Annex 2 to the report noting:

(i)              the increase in the budget provision in respect of the Tonbridge Town Lock capital plan scheme and how it is to be funded;

(ii)             the additional works in respect of refurbishment of the Health Suite at Larkfield Leisure Centre, at an estimated cost of £20,000, to be met in full by the Tonbridge and Malling Leisure Trust and the use of the urgency procedure to amend the Capital Plan accordingly;

(iii)            the increase in the budget provision in respect of the river wall, Wouldham capital plan scheme and how it is to be funded;

(2)        the amendment of List C as detailed in paragraph 1.5.2 of the report;

(3)        the selection for evaluation of those List C schemes shown in paragraph 1.6.3 of the report including one for fast track evaluation;

(4)        the transfer of the scheme listed in paragraph 1.7.3 of the report from List C to List B; and

(5)         endorsement of the draft Capital Strategy as set out at Annex 5 to the report for adoption and publication on the Council’s website.

*Referred to Cabinet