Decision details

RESOLVED:

That Full Council agreed to:-

a.

an increase to the Council’s revenue budget for the additional financing and public realm costs as given in Table Three of this report;

b.

the use of an additional £2m of the capital receipts earmarked reserve to fund the Programme as proposed by the interim Section 151 Officer and described in paragraph 14;

c.

confirm that SSDC are keen to pursue Phase 2 but recognise that it is not feasible to enter into a Phase 2 programme of work at the current time, until significant external funding opportunities become available;

d.

the inclusion of the gross capital budgets, instead of only the net capital budgets, in the council’s over capital programme for the Regeneration Programme (including the Chard Regeneration Programme), as proposed by the interim S151 Officer in paragraph 20.

Reason:

To consider the financial performance of the overall Chard Regeneration Programme, with particular reference to the changes which have shaped the evolution of the programme.