Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To recommend approval of the establishment of
a Feasibility Reserve which will enable assessment and viability
work to be undertaken on a number of Corporate, Investment and
Regeneration initiatives that the Council are currently considering
Councillor B Lewis introduced a report, that had been circulated prior to the meeting, which recommended the approval of the establishment of a Feasibility Reserve, which would enable assessment and viability work to be undertaken on a number of Corporate, Investment and Regeneration initiatives that the Council was currently considering for delivery.
1) Approve the establishment of a Feasibility Reserve of £2m which will be funded from the General Reserve; and
2) Delegate responsibility for the allocation of resources up to the value of £0.100m from the reserve to the Interim Executive Director/Executive Director – Corporate Services and Transformation in consultation with the Managing Director and Interim Director of Finance and ICT/Director of Finance & ICT, with amounts in excess of this to be approved by the Deputy Leader and Cabinet Member for Corporate Services and Budget.
Report author: Tina Adams
Publication date: 21/04/2022
Date of decision: 07/04/2022
Decided at meeting: 07/04/2022 - Cabinet
Effective from: 15/04/2022