Issue - decisions

Capital Programme 2019/20 to 2024/25

05/02/2020 - Capital Programme 2019/20 to 2024/25

RECOMMENDED to Council - the detailed recommendations (as set out 3.1 1-8 and 3.2 1-5) be approved with the amended 3.1 (5) to include an additional £4.7m of Capital Investment for the "Development of Cruise and Ferry Port" to be replaced with the following wording:

 

5) Subject to a satisfactory financial appraisal approved by the Director of Finance and Resources & Section 151 Officer the following schemes as described in Section 10 be funded from Prudential Borrowing up to the amounts shown

 

 

Total Prudential Borrowing

£

Anaerobic Digestion Plant

22,000,000

Port - Floating Dock Jetty Dredge

2,000,000

Wind turbines at Port

1,900,000

City Centre Co-working space

450,000

Kings Theatre Regeneration

3,000,000

Guildhall Regeneration

1,700,000

Acquisition of New Council Housing

1,700,000

Transitional Accommodation for Homeless (Adaptations to HRA Property)

800,000

Development of Cruise and Ferry Port

4,714,000

Total Recommended Sum To Be Approved

38,264,000

 

Recommendation 8 in relation to the proposed Prudential Indicators was also revised and a revised Appendix 3 will be submitted to Council