Decision details
Budget for Chard Regeneration Programme and Yeovil Regeneration Programme (Confidential)
Decision Maker: South Somerset District Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decisions:
The Portfolio Holder for Environment and Economic Development advised that the proposals would finance the Chard Regeneration Scheme and the Yeovil Regeneration Scheme which were both specific objectives in the Council Plan.
The Chief Executive outlined the finance proposed and the possible schemes to regenerate the towns and advised that a commercial approach would be taken to fund the schemes to minimise the borrowing and net cost to the Council.
During the following discussion, the Director for Commercial Services and Income Generation, Leader and Section 151 officer answered Members questions on points of detail, and, at the conclusion of the debate, the majority of Members were content to confirm the recommendations of the report.
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RESOLVED: |
That Full Council agreed the recommendations of the report. |
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Reason: |
To deliver on the regeneration priority projects within the Council Plan and meet the needs of the towns and communities in which the regeneration is to take place. |
(Voting: 36 in favour, 10 against, 3 abstentions)
Publication date: 18/05/2018
Date of decision: 17/05/2018
Decided at meeting: 17/05/2018 - South Somerset District Council
