Decision details

New Sports and Leisure Contracts - Prudential Borrowing Requirement

Decision Maker: Cabinet, Full Council

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

RECOMMENDED to Council that the following be approved:

 

(1)       The currently approved Capital Programme 2015/16 to 2020/21 is updated to include the capital scheme "Sports and Leisure Facilities Investment" at an estimated cost of £2.4m.

 

(2)       Following completion of a comprehensive financial appraisal, approved by the Director of Finance & S151 Officer demonstrating that the additional reduction in cost arising from the investment can significantly exceed the associated borrowing costs over the life of the contract, that the cost of the scheme be financed from Prudential Borrowing.

 

(N.B. as this item is referred to Council for approval it is not subject to call-in)

Report author: James Fitzgerald

Publication date: 09/12/2016

Date of decision: 08/12/2016

Decided at meeting: 08/12/2016 - Cabinet

Accompanying Documents: