123 CAPITAL PROGRAMME MONITORING – 2ND QUARTER 2016/17 PDF 204 KB
Additional documents:
Minutes:
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).