Agenda and minutes

Venue: Chappell Room

Contact: Alec Dubberley  Service Manager Democratic Services

Items
No. Item

88.

Apologies for Absence.

Minutes:

Apologies for absence were received from Councillor Barnfather (observer).

89.

To approve, as a correct record, the minutes of the meeting held on 31 January 2019 pdf icon PDF 63 KB

Minutes:

RESOLVED:

 

That the minutes of the above meeting, having been circulated, be approved as a correct record.

90.

Declaration of Interests.

Minutes:

Councillor Hollingsworth declared a prejudicial interest in item 8 as close family member was the tenant of a business in Carlton Square. She advised that she would leave the meeting during consideration of the item.

91.

Prudential and Treasury Indicators and Treasury Management Strategy Statement 2019/20 pdf icon PDF 279 KB

Report of the Deputy Chief Executive and Director of Finance.

Additional documents:

Minutes:

The Deputy Chief Executive introduced the report, which had been circulated prior to the meeting, presenting the Council’s Prudential Code Indicators and Treasury Strategy for 2019/20.

 

RESOLVED to:

 

1)    Approve the Prudential and Treasury Indicators and Treasury Management Strategy Statement 2019/20, which includes the key elements below, and refer it to Full Council on 4 March 2019 for approval as required by the Regulations:

 

a.            The Minimum Revenue Provision (MRP) Policy Statement (2.2);

b.            The Borrowing Strategy (2.3.4);

c.            The Annual Investment Strategy (2.3.8);

d.            Capital Affordability Prudential Indicators for 2019/20 to 2021/22 (Appendix 1);

e.            Treasury Indicators including affordability limits to borrowing for 2019/20 to 2021/22 (Appendix 1); and

 

2)    Note the indicative Prudential and Treasury Indicators for 2022/23 and 2023/24 (Appendix 1).

92.

Capital Programme and Capital Investment Strategy 2019/20 to 2023/24 pdf icon PDF 149 KB

Report of the Senior Leadership Team on behalf of the Leader of the Council.

Additional documents:

Minutes:

The Deputy Chief and Director of Finance introduced the Capital programme for the next financial year as well as an indicative capital spending strategy for the next five years.

 

RESOLVED to:

 

1)    Note the estimated capital financing available for 2019/20 to 2023/24;

 

2)    Approve the Capital Investment Strategy 2019/20 to 2023/24 detailed at Appendix 1 to the report and refer it to Council for approval on 4 March 2019;

 

3)    Approve the Capital Programme for 2019/20 to 2021/22 detailed at Appendix 2 to the report and refer it to Council for approval on 4 March 2019; and

 

4)    Note the indicative Capital Programme for 2022/23 to 2023/24.

93.

Gedling Plan 2019/20 (including General Fund Revenue Budget) pdf icon PDF 288 KB

Report of the Senior Leadership Team on behalf of Leader of the Council.

Additional documents:

Minutes:

The Deputy Chief Executive introduced the proposed 2019/20 general fund budget. The Director of Organisational Development and Democratic Services gave an overview of the Gedling Plan for 2019/20 and summarised a number of key points.

 

RESOLVED to:

 

1)    Approve a 3% discretionary income inflation increase for the individual portfolios as shown in the table at paragraph 3.5.5 of the report; and

 

2)    To recommend to Council on 4 March 2019:

 

a)    That the financial threshold above which decisions will be regarded as Key Decisions be set at £0.5m for 2019/20;

 

b)    A Council Tax increase of 0% which balances the financing of a Net Council Tax Requirement of £6,034,700 in 2019/20;

 

c)    That the detailed budget for 2019/20, as detailed in Appendix 3 of the report is approved; and

 

d)    That the Gedling Plan circulated as Appendix 1 to the report, is approved subject to final typographical and design changes to be done prior to publication.

94.

Forward Plan pdf icon PDF 83 KB

Report of the Service Manager Democratic Services.

Additional documents:

Minutes:

Consideration was given to a report of the Service Manager, Democratic Services, which had been circulated prior to the meeting, detailing the Executive’s draft Forward Plan for the next four month period.

 

RESOLVED:

 

To note the report.

95.

Carlton Square pdf icon PDF 116 KB

Report of the Service Manager Economic Growth and Regeneration.

Additional documents:

Minutes:

Councillor Hollingsworth left the meeting.

 

The Service Manager Economic Growth and Regeneration introduced a report, which had been circulated prior to the meeting, giving a progress update on regeneration work at Carlton Square as well as next steps to continue progress.

 

RESOLVED to:

 

1)    Support the principle of working in partnership with BNP Paribas in  developing a scheme of improvements for Carlton Square;

 

2)    Delegate authority to the Chief Executive in, consultation with the  Director of Organisational Development and Democratic Services, to enter into a legal agreement with BNP Paribas to develop an improvement scheme for Carlton Square and agree the roles and responsibilities of BNP Paribas and Gedling Borough Council in developing the proposals;

 

3)    Approve the consultation proposals as set out in the report;

 

4)    Delegate authority to the Chief Executive, in consultation with the Leader of the Council, to approve further consultation on a detailed scheme when available; and

 

5)    Note the progress to date, as set out in the report, and proposed use of the Nottinghamshire Pre-Development Fund to support this stage of the project.

96.

Any other items the Chair considers urgent.

Minutes:

None.