Purpose

To secure approval for prudential borrowing
necessary to support plant and vehicle procurement

Content

It is RECOMMENDED that
Cabinet recommends that Audit and Governance Committee:

(a)           
Approves the use of prudential borrowing not exceeding
£525,000 for 21 vehicles to be purchased by fleet management
to support the work of the Building Maintenance and Construction
Works Team service. These vehicles to then be managed within the
council’s fleet management strategy.
It is RECOMMENDED that
Cabinet and Audit and Governance Committee:

(b)           
Note that CWT plant purchases with up to £46,000
prudential borrowing requirement have been progressed under urgency
powers due to health & safety considerations.
Voting:
Unanimous
Portfolio Holder:
Finance
Reason
To ensure the
vehicle and plant requirements of the council’s maintenance
and construction teams is provided in a cost effective and safe
way, allowing the services to contribute to the council’s
wider aims, whilst being self-funded.