Content

 
Following consideration of the
officer report, appendices
and discussion, the Executive:??? 
 
a.           
Approved the
detailed financial governance arrangements set out in
the report. 
 
b.           
Noted the Gravity
Locality Investment Plan as set out in Appendix A
of the report and
agreed associated
investment priorities for the plan as outlined in para 16.6 of this
report. 
 
c.            
Recommended to Full
Council that the Gravity Scheme is added to the capital programme
and that the Council’s Treasury Management Strategy is
updated for this as outlined in Appendix B of
the report, including adopting the Prudential
Treasury Indicators included in table 3 of that
Appendix.  
 
d.           
Delegated authority
to the section 151 officer to make final decisions about the
Council undertaking borrowing, including the quantum and timing, to deliver investment
in line with the Gravity Locality Investment Plan and within the
limits set out in the Council’s Treasury Management Strategy,
following consultation with the Leader and Executive Lead Member
for Resources and
Performance. 
 
ALTERNATIVE OPTIONS
CONSIDERED: As set out in the officer
report  
 
REASON FOR DECISION:
As set out in the officer report