Issue - meetings

Reporting Person – Leigh Clarke

The Executive received the Investment Programme 2018-19 to 2022-23 which set out the capital and one off investments required to deliver the Council’s key strategies and objectives.

REcommended to Council

That  (i)    the Investment Programme 2018/19 to 2022/23 be approved subject to reports on projects where appropriate;

          (ii)   the proposed financing arrangements be approved; and

          (iii)  capital and revenue grants for Brookwood Cemetery for 2019/20 and 2020/21 be approved.

Reason:   To recommend to the Council that it approves the capital resources for 2018/19 onwards considered necessary to support its service plans and objectives.

Reporting Person – Leigh Clarke

The Executive received a report which set out the draft Investment Programme 2018-19 to 2022-23.  Discussion ensued on Wolsey Place and Export House and it was explained that long-term financing in the form of borrowing was used for capital projects concerning the buildings whilst reserves were used to mitigate day to day revenue variances.

Following a question regarding the #WeAreWoking campaign, the Executive was advised that, although it was difficult to assess its effectiveness, it was considered important to engage and provide a consistent and positive message to residents during the works in the Town Centre.  The Leader of the Council highlighted that the Victoria Square Oversight Panel had received a #WeAreWoking presentation and Officers would be asked if it would be appropriate to provide the presentation to all Councillors.

Attention was drawn to page 311 of the agenda pack which included some £59m under ‘Affordable Housing – Thameswey Housing Ltd’ in the Housing Investment Programme.  It was explained that the Council had previously agreed £200m for Thameswey Housing for the provision of homes.  It was noted that the funding allowed Thameswey Housing to provide a range of housing, not just affordable, and Officers suggested that the heading in the Housing Investment Programme be changed.

Regarding Heathside car park expansion, the Executive noted that the scheme had been delayed due to reservations made by the Planning Committee and that there would be some redesign.

RESOLVED

That  (i)    the draft Investment Programme for 2018/19 to 2022/23 be received;

          (ii)   Managers, Corporate Management Group and Portfolio Holders be asked to review the Programme for cost improvements including reviewing the projects, their costs and timing to achieve savings with the minimum impact on citizen outcomes; and

          (iii)  an Investment Programme budget of £400,000 be approved for 2018/19 and 2019/20 to continue the #WeAreWoking campaign.

Reason:   To agree the draft Investment Programme for consultation before submission for final approval to the Council in February 2019.