Decision

The Executive resolved as
follows namely:
 
1. To agree that Appendix 3a to
the Executive report, is not for publication by virtue of Paragraph
3 of Part 1 of Schedule 12A of the Local Government Act 1972 as it
includes detailed costings that enable the scheme to be viable. The
publication of such information could prejudice continuing and
future negotiations.
 
2. 
To agree in principle to use the Council’s Prudential
Borrowing Powers to secure monies (up to £442,000) and to use
those monies to fund a contribution of the upfront costs of
constructing an on-street car parking scheme within the highway at
Harrow Place and New South Promenade.
 
3. 
To delegate the Chief Executive to approve the borrowing via an
Officer Non-Key Decision once the required steps outlined in the
report have taken place.