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RESOLVED:
 
1. 
To note the overall financial position of the Council
as at December 2023 as set out in this report.

 
2. 
Approve the acceptance of the grant from the Local
Electric Vehicle Infrastructure (LEVI) Fund of £1,360,000 and
agree to enter into a grant agreement with the applicable parties
in respect of such funding.
 
REASONS FOR DECISION
 
To facilitate financial management and control
of the Council's finances and to approve the grant award.
 
DETAILS OF ALTERNATIVE OPTIONS CONSIDERED AND
REJECTED
 
This budget monitoring report is primarily an
update on the Council’s financial position. On the LEVI grant
proposal, If the grant was rejected, dedicated electric vehicle
charge point infrastructure for blue badge holders would not be
delivered and there would be a risk to the Council’s
reputation for not accepting external funding to deliver the
project.