Issue - meetings

That the Council agree to:

i.        adopt the Capital Strategy and Investment Strategy for 202/21 – 2022/23 as set out in Appendices 1 and 2;

ii        revise the limit on the Development Fund in accordance with the proposals set out in the report; and

iii       revise the Authorised Limit and Operational Boundary for external debt in accordance with the proposals set out in the report.

Contact Officer: Shane Flynn, Corporate Director – Finance and Resources

Tel: 01905 722536

The Council considered a report from the Chairman of the Policy and Resources Committee on the Capital Strategy for 2019/20 – 2021/22 and Investment Strategy for 2019/20 – 2021/22, and revised Operational Boundary and Authorised Limit for external debt. The Committee had agreed to recommend that the Council adopt the Strategy and revise the limit on the Development Fund and Authorised Limit and Operational Boundary for external debt, in accordance with the proposals set out in the report.

It was proposed by Councillor Stephen and seconded by Councillor Bayliss and on being put to the vote it was unanimously agreed and

RESOLVED: That the Council agree to:

i.    adopt the Capital Strategy and Investment Strategy for 2020/21 – 2022/23 as set out in Appendices 1 and 2 to the report;

ii.   revise the limit on the Development Fund in accordance with the proposals set out in the report; and

iii.  revise the Authorised Limit and Operational Boundary for external debt in accordance with the proposals set out in the report.