Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 4, 2025

Purpose: The Cabinet is requested to consider the report, to note the progress of the 2024/25 Asset Management Plan (AMP) capital programme, approve the programme of work for inclusion in the 2025/26 financial year and note the indicative programme up to 2028/29.

Content: The Cabinet considered a proposed Asset Management Plan (AMP) for 2024/25 setting out details of the capital programme for 2025/26 financial year and the indicative programme up to 2028/29, and has:-   (1) Approved the programme for 2025/26 and the financing thereof, and the Indicative AMP programme for up to 2028/29, as set out in the report;   (2) Approved the application of corporate resources to fund the AMP programme 2024/25 to 2028/29; with the application of funding types (capital receipts and borrowing) being delegated to the Director of Finance (S151 Officer) in conjunction with the Capital Board;   (3) Delegated authority to the Deputy Chief Executive to procure the works and services, and subsequently determine the outcome of any contract award process for any project specified in the asset management plan.   (4) Delegated authority the Director of Development & Deputy Chief Executive Regeneration to award professional services and construction contracts, as required, to deliver the works programme.   (5) Delegated authority to the Capital Board to reprofile the proposed spending to address urgent priorities that emerge during the years covered by this report.