F S335 June 2024 Capital Update and Property Disposals And Acquisitions Report
June 24, 2024 Cabinet (Cabinet collective) Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to facilitate financial management and control, approved NCIL revenue funding of £1.227 million for the Carnival Budget 24/25 and the Cultural Development Team Budget, approved S106 revenue funding of £111k for the Reimagining Hackney Museum project, approved S106 capital funding of £121k for highway improvements, noted S106 capital funding of £70k for additional highway improvements, and noted the successful acquisition of £179k in grants for play area refurbishments.
Full council record
Decision
RESOLVED:
- 1. The NCIL Revenue funded scheme summarised below and set out in section 11 was approved:
Project Description
2024/25 £'000
Carnival Budget 24/25
877
Cultural Development Team Budget
350
Total NCIL Revenue for Approval
1,227
- The S106 Revenue funded scheme summarised below and set out in section 13 was approved:
S106
2025/26 £'000
2026/27 £'000
2027/28 £'000
Total
Revenue
0
72
39
111
Total S106 Revenue for Approval
0
72
39
111
- 3. The S106 Capital funded scheme summarised below and set out in section 12 was approved:
S106
2024/25 £'000
Capital
121
Total S106 Capital for Approval
121
- 4. The S106 Capital funded scheme below and set out in section 14 was noted:
S106
2024/25 £'000
Capital
70
Total S106 Capital for Noting
70
- 5. The schemes outlined in section 15 were noted.
REASONS FOR DECISION:
The decisions required are necessary in order that the schemes within the Council’s approved Capital programme can be delivered and necessary to approve the property proposals as set out in this report.
In most cases, resources have already been allocated to the capital schemes as part of the budget setting exercise but spending approval is required in order for the scheme to proceed. Where, however, resources have not previously been allocated, resource approval is requested in this report.
To facilitate financial management and control of the Council's finances.
DETAILS OF ALTERNATIVE OPTIONS CONSIDERED AND REJECTED:
None.
Supporting Documents
Details
| Outcome | For Determination |
| Decision date | 24 Jun 2024 |