Issue - meetings

Report FSD16080

Following the second quarter 2016/17, Report FSD16080 outlined the current position on capital expenditure and receipts.

Concerning S106 receipts, a question was asked on the position with receipt of funds for the former Glaxo Smith Kline site. It was agreed to make further enquiries and provide a written update to Members. 

RESOLVED that:

(1)  Report FSD16080 be noted including the re-phasing of £26,655k from 2016/17 into later years (see paragraph 3.3.7 of Report FSD16080) and a revised Capital Programme be agreed;

(2)  the following amendments to the Capital Programme be approved –

(i)  inclusion of an additional £106k funding from S106 receipts for Orpington Town Centre - Walnut Centre and New Market Infrastructure (see paragraph 3.3.1 of Report FSD16080);

(ii)  a supplementary capital estimate of £52k to the Children's Services Performance Management I.T. capital scheme for the Eclipse system, offset by a corresponding reduction in the Social Care Grant scheme (see paragraph 3.3.2 of Report FSD16080);

(iii)  deletion of £45k residual balance on Pavilion Leisure centre redevelopment and refurbishment, and Central Library/Churchill Theatre - chillers and controls – both schemes having reached completion (see paragraphs 3.3.3 and 3.3.4 of Report FSD16080);

(iv)  Transport for London - Revised Support for Traffic and Highway Schemes (£657k addition to match the funding available - see paragraph 3.3.5 of Report FSD16080);

 (v)  Section 106 receipts from developers - net increase of £492k to reflect the funding available and remaining unallocated balance (see paragraph 3.3.6 of Report FSD16080); and

(3)  Council be recommended to include a scheme for Land Acquisition, namely Cornwall Drive, in the Capital Programme with a budget of £2,709k (see paragraph 3.4.1 of Report FSD16080).